U.S. Government Buys SoCal ICE Complex for $950M
6 Articles
6 Articles
Release - The GEO Group Sells the Adelanto, California ICE Processing Center Complex Comprised of Three Facilities Totaling 2,644 Beds for $950 Million and Increases Share Repurchase Authorization to $1.25 Billion - Channelchek
The GEO Group, Inc. (NYSE: GEO) (“GEO” or the “Company”) announced today that the Company has completed the sales of its 1,280-bed Adelanto West ICE Processing Center (“Adelanto West”), 660-bed Adelanto East ICE Processing Center (“Adelanto East”), and 704-bed Desert View Annex (“Desert View”) located in Adelanto, California to the United States of America and its assigns, by and through the Department of Homeland Security, for an aggregate gros…
About one third of migrants detained by ICE are in centres run by GEO Group, which receives almost half of its income from contracts with the Department of Homeland Security.
N Digital
Felix VictorinoThe U.S. Department of Homeland Security purchased for $950 million three migrant detention centers in California, with the capacity to house some 2,600 people. The operation was announced Monday by GEO Group, a company that sold the facilities and that is among the main private operators of migrant detention centers. [...]
U.S. Government Buys SoCal ICE Complex for $950M
GEO Group has sold a three-property immigration detention complex in Southern California’s Inland Empire for $950 million to the federal government for the U.S. Immigration and Customs Enforcement (ICE). The Boca Raton, Fla.-based prison operator sold two ICE processing centers, one with 1,280 beds and another with 660 beds, as well as the 704-bed Desert […]
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