Ohio 1st in US to sell prison to private company
COLUMBUS — A lockup along the shores of Lake Erie has become the first state prison in the nation to be sold to a private company. Lake Erie Correctional Institution in northeastern Ohio’s Ashtabula County is the only one of five state prisons up for sale that will be sold, state officials said Thursday. Corrections Corporation of America will buy it for $72.7 million, more than the $50 million needed from the privatization effort to balance the state’s prison budget.
Sep 1 2011 | Posted in AP News | Read More »