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CoreCivic To Sell Federal Prison in Georgia for $130 Million

Prison Operators Are Selling Facilities As Federal Government Ends Private Management
Prison operator CoreCivic agreed to sell McRae Correctional Facility in Georgia for $130 million as it expects to lose its contract to run the federal prison. (Bell Construction Co.)
Prison operator CoreCivic agreed to sell McRae Correctional Facility in Georgia for $130 million as it expects to lose its contract to run the federal prison. (Bell Construction Co.)
CoStar News
August 3, 2022 | 10:49 P.M.

Prison operator CoreCivic has agreed to sell a prison in south Georgia for $130 million as it expects the federal government won’t renew its contract to manage the facility.

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