The GEO Group Awarded Bureau of Prisons Contract for the Continued Management of the Rivers Correctional Institution in Winton, North Carolina
BOCA RATON, Fla.--(BUSINESS WIRE)--The GEO Group (NYSE:GEO - News) (“GEO”) announced today that it has been awarded a contract by the Federal Bureau of Prisons (“BOP”) for the continued management of the company-owned Rivers Correctional Institution (the “Facility”) located in Winton, North Carolina.
The new contract will have a term of ten years, inclusive of renewal options. Under the terms of the new contract, the Facility will house up to 1,450 BOP inmates. At the 90 percent occupancy guaranteed level, or 1,135 beds, the new contract is expected to generate annual revenues of approximately $34.0 million.
George C. Zoley, Chairman and CEO of GEO said, “We appreciate the confidence placed in our company by the Federal Bureau of Prisons with this important contract award. Our Rivers Correctional Institution in Winton, North Carolina plays a key role in helping meet the need for federal correctional bed space. We look forward to strengthening our long-standing public-private partnership with the BOP and the community of Winton.”
The GEO Group, Inc. ("GEO") is a world leader in the delivery of correctional, detention, and residential treatment services to federal, state, and local government agencies around the globe. GEO offers a turnkey approach that includes design, construction, financing, and operations. GEO represents government clients in the United States, Australia, South Africa, and the United Kingdom. GEO’s worldwide operations include the management and/or ownership of 62 correctional and residential treatment facilities with a total design capacity of approximately 60,000 beds, including projects under development.
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I don't know how you do it Joe but you really beat the pants off the competition on this one. I still haven't seen anything elsewhere in the news about the otter. Keep up the great work.
ReplyDeleteSomerset County doesn't deserve to have a facility like that in place. Until all the corruption and bs is cleared up nothing good should happen to them. they got what they derserved - nothing. Damn glad I live in Wicomico. Just compare our sheriff to yours.....end of argument
ReplyDeleteOver 300 jobs lost!
ReplyDeleteThe proposed site was actually in the County, about a mile south of town on Rt. 13, opposite Mountaire.
ReplyDeleteJoe:
ReplyDeleteIt took the feds a year to make this decision, so is it really surprising they have not done much in the Gulf oil pollution problem yet?
Tell me there wasnt some greasing going on there.
ReplyDeleteWOW:
ReplyDeleteSBYnews really beat the Daily Times on this story.
Why should the money be spent on a new facility in Somerset when there was already a facility in NC in place but needed a new contract signed. I am sorry to see the jobs lost. BUT how many counties do you think would change the zoning for the landowner, who put a stipulation in the zoning plan that it would revert back to the old zoning IF the prison deal fell through. Appears the land will be reverted back now.
ReplyDeleteI believe the majority of the counties are alike now with corruption and the you grease my hand attitude. So lets compare Sheriffs 1:33 - they both are short.
4:29 --
ReplyDeleteGo back under your rock. The owner was prudent to have a kick-out if the feds didn't select the site. Nothing unusual under the circumstances or illegal.
If you want us to accept your charge of corruption -- put up or shut up.
1:34: "300 jobs lost." No jobs were lost. You cannot lose what you did not have.
ReplyDeleteYou people that say 300 jobs lost, I ask you how can you lose something that you never had? Fact is Somerset doesn't even have 300 people that would qualify to work at a federal prison. Any local that wants a job in a jail and is qualified can get a job at ECI. If Somerset had got this prison they would have had to import employees just like the have had to do at ECI. I'm glad Somerset was rejected.
ReplyDeleteSomerset is notorious for it's corruption 9:04. It's run by family for gods sake. Sort of reminds one of the mafia doesn't it? The states attorney down there never brings charges against any of her political croonies. They really need change but not a new prison.
ReplyDeleteEconomic development committee fails again. Total waste of money and should be eliminated. They do nothing for the county. Just how many jobs did Somerset county lose late year?
ReplyDeleteSo many experts with regards to corruption in Somerset County. Ha!
ReplyDelete1:33 is an Idiot! You live in Wicomico and say Somerset is screwed up? No furloughs,layoffs,or paycuts and they have payraises in the works. Not to mention nobody can trust anyone in that county.WOW!!!
ReplyDeleteAgreed somerset E.D.C is alot of money that can,t really be explained.
ReplyDelete