Private prison company sells two of California’s immigrant detention centers to the feds
The federal government has acquired two privately-owned immigrant detention centers in California from CoreCivic in a $1.5 billion transaction.
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The brief
CoreCivic has sold two California-based ICE detention centers to the federal government. The transaction includes the Otay Mesa Detention Center.
Coverage from the Fresno Bee, 10News, and NBC 7 San Diego highlights the $1.5 billion price tag of the deal. Analysis from Zacks suggests these asset sales may lead to a higher valuation expectation for CXW.
Future developments center on the transition of these facilities from private ownership to federal control.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated just now.
Quick answers
Which company sold the detention centers?
CoreCivic sold the facilities.
What was the total cost of the deal?
The federal government purchased the two centers for $1.5 billion.
Which specific facility was mentioned by name?
The Otay Mesa Detention Center was identified in coverage from NBC 7 San Diego and 10News.
Coverage (5)
- CoreCivic sells Otay Mesa Detention Center for billion-dollar deal NBC 7 San Diego · 12h ago
- CXW: Positive Takeaways of Asset Sales; Raising Valuation Expectation scr.zacks.com · 12h ago
- Feds buy two privately-owned California ICE detention centers for $1.5B Fresno Bee · 12h ago
- CoreCivic sells Otay Mesa Detention Center to Federal government in $1.5 billion deal 10News.com · 12h ago
- Private prison company sells two of California’s immigrant detention centers to the feds CalMatters · 12h ago
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