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The GEO Group, Inc. Message Board

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  • indian_cycle_buyer indian_cycle_buyer Jul 16, 2009 8:16 AM Flag

    This plays to the strength of GEO

    Depending on California prisoners is a nightmare. The state is issuing vouchers and drastically cutting back its prison population.

    GEO got a permit to build near its Lawton, OK prison last year and has yet to make any progress on the construction. There are 3,000 empty for-profit prison beds in that state.

    GEO bid to lease a mothballed state prison near Vegas but was turned down.

    In this market, there are no financing schemes that will bail it out.

 
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