Market Watch — CCA (Corrections Corporation of America) , America's largest owner of partnership correctional and detention facilities, announced today that it has renewed its contract with the California Department of Corrections and Rehabilitation (CDCR) for an additional three years.
The contract renewal, which is effective July 1, 2013, includes the following provisions:
1. Up to 8,244 beds are made available to CDCR for the next three years at the following three facilities which currently house approximately 7,450 California inmates:
-- La Palma Correctional Center: 3,160 beds
-- North Fork Correctional Facility: 2,400 beds
-- Tallahatchie County Correctional Facility: 2,684 beds
2. Allows CCA and CDCR to transition California inmates currently housed at our 1,596-bed Red Rock Correctional Center to other CCA facilities as necessary, upon mutual agreement. Red Rock currently houses approximately 1,550 California inmates.
As previously disclosed, CCA is working with California to develop a transition plan to remove all of its inmates from our Red Rock Correctional Center before the end of the year, in order to make room for inmates under our new contract with the State of Arizona effective January 1, 2014. While the transition plan may result in the loss of some or all of the inmates currently housed at the Red Rock facility, the transition plan could include retention and transfer of inmates to other CCA facilities.
Damon Hininger, president and CEO, stated, "We appreciate the opportunity to continue our relationship with the state of California. This partnership exemplifies the flexibility that CCA is able to provide CDCR to safely and securely manage its populations." continue reading...