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CoreCivic, inc (CXW) Q2 2021 Earnings Call Transcript

CoreCivic, Inc (CXW) Q1 2021 Earnings Call Transcript

CoreCivic, Inc. (CXW) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble. CoreCivic, Inc. (NYSE: CXW) Operator Good morning. My name is Travis, and I will be your conference operator. As a reminder, this call is being recorded. At this time, I d like to welcome you to CoreCivic s First Quarter 2021 Earnings Conference Call. All lines have been placed on mute to avoid any background noise. After the speakers remarks, there will be a question-and-answer session. [Operator Instructions] Thank you. I would now like to turn the call over to Cameron Hopewell, CoreCivic s Managing Director of Investor Relations. Mr. Hopewell, you may begin your conference.SPONSORED:

Leavenworth County commissioners discuss CoreCivic proposal

The Leavenworth Times The chairman of the Leavenworth County Commission wants to know the potential financial benefit if the county government takes over a private prison. “What is the benefit to the county for doing this?” Chairman Mike Smith said. He and the other members of the County Commission met Thursday for a work session to discuss a proposal from CoreCivic. CoreCivic operates the Leavenworth Detention Center, a private prison that houses pretrial detainees for the U.S. Marshals Service. Representatives of the Tennessee-based CoreCivic met with commissioners last week. The company officials proposed the county take over operations of the Leavenworth facility.

CoreCivic asks Leavenworth County to take over detention center

The Leavenworth Times Officials with CoreCivic are proposing that the county government take over the operations of the company’s Leavenworth Detention Center. The idea is being proposed as a way to keep the local facility open following a presidential executive order that prohibits the U.S Department of Justice from contracting with privately-operated detention centers. Under the proposal, CoreCivic would retain ownership of the the Leavenworth Detention Center property, which would be leased by the county. Damon Hininger, president and CEO of CoreCivic, reviewed the proposal Wednesday with Leavenworth County commissioners. He acknowledged there are still a lot of “what ifs” associated with the proposal.

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