CoreCivic wins 5-year ICE contract to reopen 1,600-bed Prairie Correctional Facility in Minnesota

Reuters2026/08/04 12:07

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CoreCivic won a new five-year ICE contract to reopen the 1,600-bed Prairie Correctional Facility in Appleton, Minnesota, idle since 2010.
Contract starts Aug. 11, 2026; fixed monthly payment with per diem tied to detainee population.
Facility expected to generate about $75 million in annual revenue once fully activated; detainee intake slated for Q4 2026.
Full ramp projected by Q2 2027; earnings impact expected to be immaterial for the rest of 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoreCivic Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608040800PRIMZONEFULLFEED9803001) on August 04, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CoreCivic wins 5-year ICE contract to reopen 1,600-bed Prairie Correctional Facility in Minnesota

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