Private firm will house up to 1,300 immigration detainees in Southern California - latimes.com
The city approached ICE to express interest in housing a detention facility and in turn negotiated with Florida-based GEO Group Inc. to house the facility, said ICE spokeswoman Virginia Kice.
The company purchased the 650-bed facility from Adelanto last year for about $28 million and invested $22 million to renovate and retrofit it, according to company officials. A 650-bed expansion on adjacent land is expected to be complete by the end of 2012.
At full occupancy, GEO is expected to generate about $42 million in yearly revenue with a 75%occupancy guarantee, company officials said.