Market Updates & Recent Developments
America's Prisons: The Aging Infrastructure Crisis
"There are almost 500 prisons nation wide built between 1980 and 2000 that need major upgrades,
repurposing, or replacement... With the prison infrastructure challenges at an all-time high, we may be
entering the next prison building boom, as states are being forced to replace their older prisons."
State Prisons Opened Since 1960
180
160
140
120
100
80
60
40
20
1960-1964 1965-1969 1970-1974 1975-1979 1980-1984 1985-1999 1990-1994 1995-1999 2000-2004 2005-2010 2010-2014 2014-2017
Source: Correction News, March/April 2018 Publication
• The majority of America's inmates are housed in facilities that
are 25 to 40 years old
●
Public prison facilities will typically need to replace major
components of infrastructure around the 20-year mark
As a result of delayed/deferred maintenance capital spending,
many states are now facing the expensive consequences of
this neglect
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