CoreCivic Investor Presentation Q4 2020
...And Has Resulted in Many New Contract Wins
Date
February 2021
October 2020
September 2020
August 2020
February 2020
January 2020
December 2019
August 2019
August 2019
May 2019
May 2019
New Contract Awards
Details
The state of Alabama awarded two new 30-year lease agreements for the development of two correctional facilities, to be operated by the Alabama Department of
Corrections, pending the close of project-specific financing. Construction of both facilities will contain an aggregate of approximately 7,000 beds.
The Federal Bureau of Prisons (BOP) enters into a new contract for residential reentry and home confinement services at our 289-bed Turley Residential Center
and 494-bed Oklahoma Reentry Opportunity Center, both in Oklahoma.
The U.S. Marshals Service (USMS) enters into a new contract for our 1,692-bed Cimarron Correctional Facility in Cushing, Oklahoma. We expect an improvement
in facility net operating income at this facility as a result of the new contract, with annual revenues increasing to approximately $30 million at current utilization
levels and higher operating margins than the previous facility contract with the State of Oklahoma.
The state of Idaho enters into a new contract to house up to 1,200 offenders initially at our 1,896-bed Saguaro Correctional facility in Arizona and other facilities by
mutual agreement.
The state of Mississippi expands its contract at the Tallahatchie County Correctional Facility to up to 1,000 beds
The state of Mississippi enters into a 375-bed emergency contract at our 2,672-bed Tallahatchie County Correctional Facility, which contract was subsequently
increased to up to 1,000-beds
The Commonwealth of Kentucky enters into a new lease agreement for our 656-bed Southeast Correctional Complex in Kentucky
Immigration and Customs Enforcement (ICE) enters into a new contract to house adult detainees at our 2,232-bed Adams County Correctional Center in
Mississippi
The state of Kansas enters into a new contract to house up to 600 offenders initially at our 1,896-bed Saguaro Correctional Facility in Arizona and other facilities by
mutual agreement
The USMS enters into a new contract to house offenders at our 1,422-bed Eden Detention Center in Texas
ICE enters into a new contract to house adult detainees at our 910-bed Torrance County Detention Facility in New Mexico
These 11 new contracts, awarded or activated in the two years ended December 31,
2020, represent a total of approximately 10,000 beds across 9 existing CoreCivic
facilities and for the development of 2 new facilities representing 7,000 beds
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