{"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<a href=\"http:\/\/www.l-a-k-e.org\/topics\/incarceration\/cca\/EXCEL%20Land%20Sale-Purchase%20Agreement%20%28Bassford%290.pdf\">\na contract<\/a>\n<a href=\"http:\/\/www.l-a-k-e.org\/topics\/incarceration\/2012-02-23--private-prison-site\/IMAG0402.html\"><img loading=\"lazy\" decoding=\"async\" style=\"float:right;border:none;\"   width=\"119\" height=\"200\" src=\"http:\/\/www.l-a-k-e.org\/topics\/incarceration\/2012-02-23--private-prison-site\/\/IMAG0402.jpg\"><\/a>\nto buy\n<a href=\"\/blog\/2012\/01\/where-is-ccas-private-prison-site-in-lowndes-county.html\">\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, &#8220;sweetheart deal.&#8221;\nWhat do you think?\n<p>\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 href=\"http:\/\/www.l-a-k-e.org\/topics\/incarceration\/2012-02-23--private-prison-site\/SCAN0096.html\"><img loading=\"lazy\" decoding=\"async\" style=\"float:right;border:none;\"   width=\"142\" height=\"200\" src=\"http:\/\/www.l-a-k-e.org\/topics\/incarceration\/2012-02-23--private-prison-site\/SCAN0096.jpg\"><\/a>\nin almost 10 years or about 2% per year.\nCCA can buy it from the landowner in 2012 for $2,907,000,\nfor an increase of 99% in about five years or almost 20% per year.\nWhich is far more than the 20% in five years or about 4% per year shown by the assessed value.\nAnd this remarkable surge in the price of that land\nis during the worst real estate market since the Great Depression.\n<p>\nDoes this look like a sweetheart deal to you?\n<table style=\"float:center;border-spacing:5;\"   style=\"font-size: 90%\">\n<tr><th>Date<\/th><th>Price<\/th><th>$ Increase<\/th><th>% Increase<\/th><th>% \/year<\/th><th>From<\/th><th>To<\/th><\/tr>\n<tr><td>\n<a href=\"http:\/\/www.l-a-k-e.org\/topics\/incarceration\/cca\/EXCEL%20Land%20Sale-Purchase%20Agreement%20%28Bassford%290.pdf\">\n2012?<\/a><\/td>\n<td>$2,907,000<\/td>\n<td>$1,443,488<\/td>\n<td>99%<\/td>\n<td>20%<\/td>\n<td>N.L. Bassford Jr<\/td><td>CCA<\/td><\/tr>\n<tr><td>\n<a href=\"http:\/\/www.l-a-k-e.org\/topics\/incarceration\/2012-02-23--private-prison-site\/SCAN0087.html\">2012<\/a><\/td>\n<td>$1,756,320<\/td>\n<td align=\"right\">$&nbsp;&nbsp;&nbsp;292,808<\/td>\n<td>20%<\/td>\n<td>&nbsp;&nbsp;4%<\/td>\n<td colspan=2 align=\"center\">Assessed Value<\/td><\/tr>\n<tr><td>\n<a href=\"http:\/\/www.l-a-k-e.org\/topics\/incarceration\/2012-02-23--private-prison-site\/IMAG0398.html\">2007<\/a><\/td>\n<td>$1,463,512<\/td>\n<td align=\"right\">$&nbsp;&nbsp;&nbsp;220,312<\/td>\n<td>18%<\/td>\n<td>&nbsp;&nbsp;2%<\/td>\n<td>VLCIA<\/td><td>N.L. Bassford Jr<\/td><\/tr>\n<tr><td>\n<a href=\"http:\/\/www.l-a-k-e.org\/topics\/incarceration\/2012-02-23--private-prison-site\/IMAG0386.html\">1998<\/a><\/td>\n<td>$1,243,200<\/td>\n<td><\/td><td><\/td><td><\/td>\n<td>Camellia Investment Co.<\/td>\n<td>VLCIA<\/td><\/tr>\n<tr><td colspan=\"7\" align=\"center\" style=\"font-size: 90%;\">\nPrices in this table are taken directly from the legal documents.\n<br>\nAll percentages are rounded and approximate.\n<\/td><\/tr>\n<\/table>\nImages of the deeds and plats are\n<a href=\"http:\/\/www.l-a-k-e.org\/topics\/incarceration\/2012-02-23--private-prison-site\/index.php\">on the LAKE website.<\/a>\n<p>\nHere is <a href=\"http:\/\/www.change.org\/petitions\/andrea-schruijer-executive-director-for-the-board-stop-the-cca-private-prison-aka-project-excel\">\na petition for VLCIA<\/a> to reject the private prison.\n<p>\n-jsq\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, &#8220;sweetheart deal.&#8221; What do [&hellip;]","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_links_to":"","_links_to_target":""},"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"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p585fK-hc","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_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}]}}