THE VIRGINIAN-PILOT
Copyright (c) 1995, Landmark Communications, Inc.
DATE: Wednesday, October 11, 1995 TAG: 9510110670
SECTION: LOCAL PAGE: B5 EDITION: FINAL
SOURCE: ASSOCIATED PRESS
DATELINE: RICHMOND LENGTH: Short : 31 lines
Corrections Partners Inc. has been chosen to build and operate a private, medium-security prison in Brunswick County, state 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. The state 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.
Wackenhut Corrections of Coral Gables, Fla., was runner-up in the selection process. by CNB