CoreCivic Lease Agreements and ESG Strategy slide image

CoreCivic Lease Agreements and ESG Strategy

Project Overview • In September 2020, CoreCivic was selected as the preferred developer for two of the three New Facilities, which includes the Elmore County and Escambia County Correctional Facilities, as described below Overview of New Facilities* Elmore County Correctional Facility Escambia County Correctional Facility Expected Costs and Timeline Payment Construction Timeline Estimated Construction Costs (subject to change) • The Facility will provide minimum-medium custody for ADOC's inmate population • This facility will be larger than the Escambia County Correctional Facility and contain ADOC's special services (e.g. medical, mental health, aged care, and inmate reception) The Facility will provide minimum-medium custody for ADOC's inmate population Lease payments from ADOC, subject to annual appropriations from the Alabama Legislature • Approximately 42 months Elmore County Correctional Facility: approximately $508.3 million Escambia County Correctional Facility: approximately $266.5 million Combined, the two New Facilities will provide approximately 7,000 beds for ADOC *There is a third facility that was awarded to another Developer. 6
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