Tag Archives: real estate investment trust

Q: How do you gain access to Vermont’s for-profit prison? A: You don’t.

Update: For those finding this post afresh, please also read the following entry, which includes the response from the Department of Corrections. 

Here’s a little goodie from Vermont’s Best Newspaper (Out Of State Division), the Valley News. Columnist Jim Kenyon has a problem with the whole concept of for-profit prisons…

The mere concept of for-profit prisons defies logic. [The operator] only gets paid when its prison beds are occupied. It’s not in the financial interests of the company — or its shareholders — to work toward keeping people out of prison.

… what elected officials don’t talk about much is the toll that being so far away from home can have on inmates, their families and their future. Elected officials also gloss over the reasons why GEO and other for-profit prison companies are less costly.

(Kenyon’s essay is behind a semi-permeable paywall. If you sign up for the Valley News email list, you can read up to five articles per month for free.)

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