Alabama to Spend Nearly $1 Billion for a Single Prison


bernard

THEE Realist
Alabama state officials voted last week to increase the amount the state will pay a private company to build a new prison in Elmore County to nearly $1 billion.

The resolution was passed by the Alabama Correctional Institution Finance Authority, a group of seven state officials who have final authority over all financial decisions related to building or leasing state prisons.

In April 2022, Alabama signed a contract with Montgomery-based Caddell Construction Company to build a 4,000-bed prison in Elmore County. The “initial guaranteed maximum price” for the prison was $623 million with construction to be completed by January 2026.

The resolution passed last week raised the maximum price to $975 million—a 57% increase—and pushed back completion to June 2026.

 
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Alabama state officials voted last week to increase the amount the state will pay a private company to build a new prison in Elmore County to nearly $1 billion.

The resolution was passed by the Alabama Correctional Institution Finance Authority, a group of seven state officials who have final authority over all financial decisions related to building or leasing state prisons.

In April 2022, Alabama signed a contract with Montgomery-based Caddell Construction Company to build a 4,000-bed prison in Elmore County. The “initial guaranteed maximum price” for the prison was $623 million with construction to be completed by January 2026.

The resolution passed last week raised the maximum price to $975 million—a 57% increase—and pushed back completion to June 2026.

Business as usual.
 
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