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Despite $200 Million Bond Sale Shortfall, Alabama Moves Forward with New Prison Construction
by Jo Ellen Nott
On June 30, 2022, Alabama officials announced they were proceeding with plans to build two “mega” prisons for $1.2 billion despite being falling $200 million short in a bond offering. The Alabama Corrections Institution Finance Authority (ACIFA) had hoped to sell $725 million in bonds but ...
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