A Private Matter?
After several profitable years in the 1990s, companies contracting prison beds to public corrections agencies were losing revenue at an alarming rate. There were too many prison beds and too few prisoners. In a news release at the time, a company principal heralded the San Diego agreement as one of the largest contracts ever to be awarded to the private corrections industry. Marshals Service and the Bureau of Prisons - account for 40 percent of the 2007 revenue of CCA, which controls almost half of the private prison beds in the United States.
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Tags: 1990s, alarming rate, bureau of prisons, cca, company principal, contracts, corrections agencies, news release, prison beds, prisoners, private corrections, private ice, private prison, san diego, united states