CoreCivic Reopens Prairie Prison as ICE Detention Center
Analysis based on 6 articles · First reported Aug 04, 2026 · Last updated Aug 05, 2026
CoreCivic's stock is likely to benefit from the new revenue stream, reinforcing its growth in the for-profit detention sector. The contract may also boost shares of GEO Group and other private prison operators as the administration expands detention capacity, though political and legal opposition could create uncertainty.
CoreCivic finalized a five-year contract with United States — United States Immigration and Customs Enforcement (ICE) to reopen the United States — Prairie Correctional Facility in United States — Appleton, Minnesota, as an immigrant detention center. The facility, closed since 2010, will hold up to 1,600 detainees and generate an estimated $75 million in annual revenue. The contract is part of the Trump administration's push to expand detention capacity amid increased deportation efforts. The announcement drew sharply divided reactions: Republican officials praised the economic benefits, while Democrats, labor unions, and advocacy groups condemned the for-profit detention of immigrants. CoreCivic expects to begin receiving detainees by the end of 2026, with full capacity by mid-2027.
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