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Criminal Law

: Grits for Breakfast

'Doomsday Deal': Prison-for-profit scheme in Waco going bust for lack of inmates

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In Waco, reported the Herald-Tribune ("A new jail in McLennan County, but no inmates to fill it," April 23), "The new jail on State Highway 6 has an impressively low detention population: zero." Now a private prison scheme that two years ago was touted as a multi-million dollar moneymaker for the county appears to be headed into a financial death spiral:Community Education Centers, the New Jersey-based detention company under contract to manage and operate the jail, has been unable to secure agreements with state and federal agencies to house inmates.Meanwhile, CEC must begin repaying the $49 million in project revenue bonds that financed the construction of the jail. The $313,000 monthly debt service is to be paid using revenue from housing inmates, placing the company under a crunch to fill beds...continue to full post

Full post as published by Grits for Breakfast on April 24, 2010 (boomark / email).

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