Changes in the leasing for Alabama correctional facilities project

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Barclays, the underwriter to lease two new men’s correctional facilities projects, has withdrawn its participation from the project after being criticized for breaking the pledge to not get involved in profit prisons projects. Barclay was part of CoreCivic’s Developer Team, which is responsible for the development and leasing of both facilities.

Alabama state is committed to continuing with the project and will pursue suitable options. The project includes the development of three prisons leased to the State of Alabama Department of Corrections (ADOC). Two facilities will be almost identical, while the third one will be larger and will centralize special services, such as medical, mental health, aged care, and inmate reception.

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