Ohio is 1st in US to sell prison to private co.
COLUMBUS, Ohio (AP) — An 11-year-old lock-up along on the shores of Lake Erie in Ohio has become the first state prison in the nation to be sold to a private company.
Lake Erie Correctional Institution in northeastern Ohio's Ashtabula (ash-tuh-BYOO'-luh) County is the only one of five state prisons up for sale that will be sold, state officials said Thursday. It's going to Corrections Corporation of America for $72.7 million.
The four other prisons for sale didn't generate advantageous offers.
Utah-based Management Training Corporation won rights to operate two facilities in Marion, Ohio, as a single prison camp; and a privately run state prison in Lorain County will be returned to state control.
Ohio will save an estimated $13 million annually with the moves, part of Republican Gov. John Kasich's (KAY'-siks) budget-cutting efforts.