Private prison company sells two of California’s immigrant detention centers to the feds
CoreCivic expects about $1.1 billion in net proceeds and may keep operating the sites under Immigration and Customs Enforcement contracts.
- On July 2, CoreCivic, Inc. completed the $1.5 billion sale of its California City Detention Facility and Otay Mesa Detention Center to the U.S. Department of Homeland Security.
- Net proceeds from the sale are expected to reach approximately $1.1 billion, which CoreCivic intends to use for reducing debt and retiring $238.5 million in senior notes due in 2027.
- Under existing contracts with U.S. Immigration and Customs Enforcement, CoreCivic expects to continue managing both sites, although terms may be renegotiated due to the ownership change.
- The Otay Mesa facility has faced ongoing legal challenges regarding local health inspections, including a March lawsuit where San Diego County officials claimed inspectors were blocked under a 2024 state law.
- Patrick Swindle, CoreCivic's President and Chief Executive Officer, stated the sale provides "significant balance sheet flexibility" and positions the company to remain a long-term government partner.
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Feds buy two immigration detention centers for $1.5 billion - Regional Media News
(The Center Square) - Private prison operator CoreCivic has sold two Southern California immigration detention centers to the federal government for $1.5 billion. Under the deal, the U.S. Department of Homeland Security takes ownership of the Otay Mesa Detention Center in San Diego County for $739.2 million and the California City Detention Facility in Kern County for $732.6 million. CoreCivic owned and operated the centers, which were used to d…
Bizpac Review
ussanews.comDHS expands ICE capacity with purchase of two California detention centers
As globalists in California continued making “private prisons financially infeasible,” a federal measure with a $1.5 billion price tag was met with cries of corruption. Whether by […]
DHS expands ICE capacity with purchase of two California detention centers · American Wire News
As globalists in California continued making “private prisons financially infeasible,” a federal measure with a $1.5 billion price tag was met with cries of corruption. Whether by judicial or physical obstruction, Democrats have remained unrelenting in their mission to keep illegal aliens coming to the United States and staying here. In an effort to stave off sanctuary state impediments, the Department of Homeland Security completed its purchase…
DHS buys two private detention centers previously under lease
The U.S. government has bought two large private immigration detention centers in California owned by the CoreCivic company.The U.S. Department of Homeland Security bought a 2,500-bed facility in California City for $732 million and the 2,000-bed Otay Mesa Detention Center in San Diego for $739 million. The sale will give CoreCivic a $1.1 billion profit, according to a news release from the company.RELATED STORY | 'Absolute hell hole': Private p…
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