Despite an almost unbelievable string of horrendous incidents at GEO Group prisons in Texas, the company announced last week that it had received yet another federal contract at its new Montgomery County detention center.
According to the press release,
The GEO Group, Inc. announced today the execution of an Intergovernmental Agreement ("IGA") between Montgomery County, Texas (the "County") and the United States Marshals Service ("USMS") for the housing of up to 1,100 USMS detainees at the new county-owned 1,100-bed Joe Corley Detention Facility (the "Facility") located in Conroe, Texas.
GEO will manage the Facility under a two-year agreement with the County subject to continuing two-year extensions. GEO expects to begin the intake of USMS detainees in the third quarter of 2008. GEO expects that the Facility will generate approximately $14.0 million in annual operating revenues at full occupancy.
We'll keep you posted on developments from Montgomery County and all GEO Group prisons.