Texas Business reports that The GEO Group signed a contract with U.S. Immigration and Customs Enforcement (ICE) for the continued management of the company-owned 1,904-bed South Texas Detention Center located in Pearsall, Texas.
Of interest in the contract:
- capacity at the center will be 1,800 beds with a 75 percent occupancy guarantee and the ability to surge to 1,900 beds.
- is expected to generate approximately $45.0 million in annualized revenues at the full occupancy level of 1,800 beds, inclusive of regular transportation responsibilities.
Comments