The GEO Group Announces Contract for 1,300-Bed Detention Facility in California

The GEO Group GEO announced today that the City of Adelanto, California has signed a contract with GEO for the housing of federal immigration detainees at a 650-bed Detention Facility in Adelanto, California, which GEO purchased from the City in June of 2010 for approximately $28.0 million, and at a 650-bed Facility expansion to be located on land immediately adjacent to the Facility. GEO has invested approximately $22.0 million to renovate and retrofit the existing 650-bed Facility and will further invest approximately $70.0 million for the 650-bed expansion which will bring the Facility's capacity to 1,300 beds. GEO expects to complete the renovation of the existing Facility and to begin the initial intake of 650 detainees in August 2011. GEO expects to complete the new 650-bed expansion and to begin the intake of the additional 650 detainees by August 2012.