
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, October 11, 1995                   TAG: 9510110081
SECTION: VIRGINIA                    PAGE: C4   EDITION: METRO 
SOURCE: 
DATELINE: RICHMOND                                 LENGTH: Short

FIRM SELECTED TO BUILD, OPERATE PRIVATE PRISON

Corrections Partners Inc. has been chosen to build and operate a private medium-security prison in Brunswick County, Department of Corrections Director Ron Angelone said Tuesday.

CPI has offered to build the 1,500-bed prison near Lawrenceville at a cost of $44.5 million. The Brunswick County Industrial Development Authority will issue bonds to finance the project.

The state will pay $34.38 per day for each prisoner housed in the facility and will buy the prison under a 20-year lease-purchase agreement, with annual payments determined by the interest rate on the bonds.

The prison is expected to open within 18 months and will employ about 320 people when fully operational, Angelone said.

CPI recently was purchased by Nashville, Tenn.-based Corrections Corporation of America, the largest private prison operator in the United States. Its proposal was one of nine submitted to the department.

``We are very satisfied with CPI's proposal and are confident that the competitive nature of this process has revealed the best firm for the job,'' Angelone said.

- Associated Press

by CNB