CoreCivic just sold two of California's largest immigrant detention centers to the federal government for $1.5 billion, then apparently got hired to keep running the place.
CalMatters reports that CoreCivic sold the Otay Mesa Detention Center in San Diego County and the California City Detention Facility in Kern County to the Department of Homeland Security on July 2. The company said it expects about $1.1 billion in net proceeds and anticipates continuing day-to-day operations under existing ICE management contracts.
The private prison company CoreCivic has sold two of the largest immigration detention facilities in California to the U.S. Department of Homeland Security in a deal worth $1.5 billion, the company announced Monday.
CoreCivic said it anticipates that the sale of the Otay Mesa Detention Center in San Diego County and the California City Detention Facility in Kern County will bring the company an estimated net proceeds of approximately $1.1 billion.
KQED
CoreCivic has said the California City contract alone is worth about $130 million a year once fully activated. The company has not disclosed the annual value of the Otay Mesa operating contract in the sale announcement, but it says it expects to keep running both facilities even after collecting $1.5 billion from DHS for the buildings.
The people inside remain the only part of the deal without disclosed upside.
Previously:
• DHS sent hundreds of subpoenas to Google, Meta, and Reddit demanding names of people who criticize ICE
• DHS chief does happy dance after Iran exits World Cup
• EFF tells Big Tech to stop helping DHS unmask ICE critics
