CCA (NYSE:
CXW) announced today an agreement with California City, California to manage federal populations at CCA's 2,304-bed California City Correctional Center under an Intergovernmental Service Agreement (
IGA).
The management contract allows the housing of prisoners and detainees from multiple federal agencies. Under a 15-year agreement, CCA expects California City will begin ramping U.S. Marshals Service populations at the facility in early October 2010, utilizing approximately 1,200 beds by the third quarter of 2011.
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