CoreCivic Says Appleton Facility Sale Price Reflects Replacement Cost Less Depreciation

Bitget2026/10/31 21:42

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CoreCivic clarified that the federal purchase price for Prairie Correctional Facility, also known as Appleton Detention Facility, followed independent appraisals.
The reported $75 million figure was a preliminary 2015 proposal to Minnesota corrections officials, not an appraisal or replacement cost.
The federal valuation reflected current replacement costs less depreciation, accounting for significant facility renovations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CoreCivic Inc. published the original content used to generate this news brief on October 31, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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CoreCivic Says Appleton Facility Sale Price Reflects Replacement Cost Less Depreciation

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