Cornell Companies (CRN) Signs Contract With the State of Alaska for 1,000 Beds At Cornell's Hudson Correctional Facility
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Cornell Companies, Inc. (NYSE: CRN) announced that Cornell Corrections of Alaska, Inc., its wholly owned subsidiary, has entered into a contract with the State of Alaska Department of Corrections to house up to 1,000 state prisoners at its Hudson Correctional Facility located in Hudson, Colorado. The contract is pursuant to the previously announced Notice of Intent to Award by Alaska DOC. The Facility, which will have a service capacity of 1,250 beds, is presently under construction and is expected to be completed in November 2009.
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