The Nation - News from Sept. 13, 1985
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A private correctional firm made an unprecedented offer to buy Tennessee’s problem-plagued prison system for $250 million in return for an annual operating fee. Corrections Corp. of America said the fee would not exceed the state’s present operating cost and would be adjusted annually for inflation. The estimated operating cost for 1985 was $175 million. Officials said the firm would take control of the entire prison system, renovate old units and build new ones and supervise more than 7,600 inmates.
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