Private Prison Companies Continue to Rake in the Cash…Cornell Companies reports $103.9 million in revenues
Cornell Companies reported revenues of $103.9 million in the second quarter.
They also reported that:
For the six months ended June 30, 2010, revenues were $203.9 million as compared to $205.0 million for the first six months of 2009. The decrease was principally related to the D. Ray James Prison facility transition, and as well the available capacity at those programs (including our two small California community correctional facilities) mentioned earlier. As previously noted, the 2010 period included revenues of approximately $2.7 million resulting from the guaranteed population contract at the Regional Correctional Center for the contract years March 26, 2007 through March 25, 2008 and March 26, 2008 through March 25, 2009.
“Corrections” is big-business worldwide.