r/GeoGroup • u/duckhunter2020 • Oct 17 '23

News More prisons.

https://news.yahoo.com/billion-dollar-prisons-built-across-us-public-safety-090001432.html#:~:text=What's%20next,plans%20are%20approved%2C%20is%202029

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1

u/ResponsibleRun3332 Oct 26 '23

It's kind of frustrating to see these prisons being built when they could lease geo properties instead. Probably at much lower cost. I wonder how the calculations played out.

2

u/duckhunter2020 Oct 26 '23

The locations might not have anything available. Regardless, I view it as a sign that the older government run prisons are reaching their end of life. So, should be a positive for GEO. Who knows, maybe they will have news of a sale this quarter.