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Federal Prisons Cost Soars to 62% above estimates

By Real Cost of Prisons Project (The Sentencing Project)

Mendota prison project scaled back Costs affect the plans; communication was lacking, auditors say. By Michael Doyle / Bee Washington Bureau 05/29/08 23:30:25 WASHINGTON -- The cost of a long-delayed federal prison in the San Joaquin Valley town of Mendota has soared 45% beyond original estimates even as the project itself has shrunk, dismayed auditors say in a new report. Vexed by stop-and-start funding and higher oil and steel prices, among other problems, the anticipated price tag for Federal Correctional Institution Mendota now tops $231 million. Seven years ago, federal officials figured a Mendota prison would cost $158 million. "Cost estimates are imprecise and should be expected to vary," Government Accountability Office auditors noted Thursday, "but Congress and other stakeholders were not informed about the extent to which costs might vary from the initial estimates...continue to full post

Full post as published by The Real Cost of Prisons Weblog on June 06, 2008 (boomark / email).