{"id":1066,"date":"2012-02-27T09:00:00","date_gmt":"2012-02-27T14:00:00","guid":{"rendered":"http:\/\/www.l-a-k-e.org\/blog\/2012\/02\/sweetheart-deal-for-private-prison-site.html"},"modified":"2012-02-27T09:00:00","modified_gmt":"2012-02-27T14:00:00","slug":"sweetheart-deal-for-private-prison-site","status":"publish","type":"post","link":"http:\/\/www.l-a-k-e.org\/blog\/2012\/02\/sweetheart-deal-for-private-prison-site.html","title":{"rendered":"Sweetheart deal for private prison site?"},"content":{"rendered":"

CCA has
\n
\na contract<\/a>
\n<\/a>
\nto buy
\n
\nthe private prison site<\/a> from a private landowner.
\nBut who did that landowner get the site from?
\nThe Industrial Authority!
\nAnd the sale prices involved are rather interesting: the landowner gets almost 100% profit in five years.
\nOne person I showed them to immediately said, “sweetheart deal.”
\nWhat do you think?<\/p>\n

\nThe Valdosta-Lowndes County Industrial Authority (VLCIA)
\nbought the site back in 1998 for $1,243,200, and
\nsold it to the landowner in 2007 for 1,463,512, which is an increase of
\nabout 18%
\n<\/a>
\nin almost 10 years or about 2% per year.
\nCCA can buy it from the landowner in 2012 for $2,907,000,
\nfor an increase of 99% in about five years or almost 20% per year.
\nWhich is far more than the 20% in five years or about 4% per year shown by the assessed value.
\nAnd this remarkable surge in the price of that land
\nis during the worst real estate market since the Great Depression.<\/p>\n

\nDoes this look like a sweetheart deal to you?<\/p>\n\n\n\n\n\n\n\n
Date<\/th>\nPrice<\/th>\n$ Increase<\/th>\n% Increase<\/th>\n% \/year<\/th>\nFrom<\/th>\nTo<\/th>\n<\/tr>\n
\n
\n2012?<\/a><\/td>\n		$2,907,000<\/td>\n$1,443,488<\/td>\n99%<\/td>\n20%<\/td>\nN.L. Bassford Jr<\/td>\nCCA<\/td>\n<\/tr>\n
\n2012<\/a><\/td>\n$1,756,320<\/td>\n$   292,808<\/td>\n20%<\/td>\n  4%<\/td>\nAssessed Value<\/td>\n<\/tr>\n
\n2007<\/a><\/td>\n$1,463,512<\/td>\n$   220,312<\/td>\n18%<\/td>\n  2%<\/td>\nVLCIA<\/td>\nN.L. Bassford Jr<\/td>\n<\/tr>\n
\n1998<\/a><\/td>\n$1,243,200<\/td>\n<\/td>\n<\/td>\n<\/td>\nCamellia Investment Co.<\/td>\nVLCIA<\/td>\n<\/tr>\n
\nPrices in this table are taken directly from the legal documents.
\n
\nAll percentages are rounded and approximate.\n<\/td>\n<\/tr>\n<\/table>\n

Images of the deeds and plats are
\non the LAKE website.<\/a><\/p>\n

\nHere is
\na petition for VLCIA<\/a> to reject the private prison.<\/p>\n

\n-jsq<\/p>\n","protected":false},"excerpt":{"rendered":"

CCA has a contract to buy the private prison site from a private landowner. But who did that landowner get the site from? The Industrial Authority! And the sale prices involved are rather interesting: the landowner gets almost 100% profit in five years. One person I showed them to immediately said, “sweetheart deal.” What do […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97,1113,14,70,2,3,178],"tags":[811,8817,2993,2858,2991,8730,1622,2992,1297,2944,180,8749],"class_list":["post-1066","post","type-post","status-publish","format-standard","hentry","category-activism","category-cca","category-economy","category-ethics","category-government","category-transparency","category-vlcia","tag-assessment","tag-cca","tag-contract","tag-corrections-corporation-of-america","tag-deed","tag-incarceration","tag-land","tag-plat","tag-private-prison","tag-sweetheart-deal","tag-valdosta-lowndes-county-industrial-authority","tag-vlcia"],"_links":{"self":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/1066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/comments?post=1066"}],"version-history":[{"count":0,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/posts\/1066\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/media?parent=1066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/categories?post=1066"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.l-a-k-e.org\/blog\/wp-json\/wp\/v2\/tags?post=1066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}