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Corrections Corporation of America Message Board

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  • frank101_99 frank101_99 Apr 20, 1999 11:32 AM Flag

    PRIVATE PRISON CONSTRUCTION???

    Why is there so much talk about CCA and prison
    guards on this board? I thought PZN was going to become
    a REIT and most of their income was going to be
    derived from building prisons and other correctional
    facilities and leasing them back to whatever governmental
    agency they are doing business with. I thought PZN would
    not have anything to do with the management part of
    the business.

    If the above is true, why
    should CCA's problems reflect negatively on PZN. For
    instance, Franchise Finance of America builds and leases
    restaurants. If somebody gets food poisoning at a Wendy's, or
    Hardees, or a Chili's that was built by FFA, don't blame
    FFA. They just built the physical plant. They didn't
    cook the burgers. Please enlighten me.

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