ICE paid $495M for $75M private prison
The gist
CoreCivic sold a 1,600-bed Minnesota prison to Homeland Security for $495.6M after offering it to the state for $75M.
Minnesota officials want investigations into the $420M gap.
How it unfolded
- May 2025CoreCivic offered to sell the former Prairie Correctional Facility in Appleton, Minnesota, to the Minnesota Department of Corrections for $75 million, a price that included upgrades.
- Aug 2025CoreCivic sold the 1,600-bed facility to the U.S. Department of Homeland Security for $495.6 million, with plans to use it as an ICE detention center.
- 2026Swift County assessed the property's total market value at $14.75 million.