Private prisons across the United States are set to reap the financial benefits of changes in the tax code signed by President Donald Trump. Under the new tax law, investments in REITs will see a 25% reduction in tax, from 39.6% down to 29.6%.
Jamie Trinkle, campaign and research coordinator with the racial and economic justice coalition Enlace said, “it’s going to be great for the investors, banks and hedge funds that own shares in private prisons, and are dependent on increased incarceration and criminalization.”
As a result, investors are focused on a catalyst that would trigger the next wave of incarcerations, such as Trump’s promise to greatly expand the U.S. Immigration and Customs Enforcement (ICE).
In this context, it’s not too often that a former medium-security prison comes up for sale on Craigslist. The facility is located in Brush, Colorado with an asking price of $1,200,000 or 88 bitcoins @ 13,650.23. Yes, you heard that correctly, as of December 2017, the listing broker on the property now accepts bitcoin.
The 60,000-square-foot former prison resides at 901 Industrial Park Road and sits on 7 acres of prime commercial real estate. The structure was built in the mid-1980’s, which last housed female inmates in 2010, but has been dormant ever since.
The Craigslist ad highlights the benefits of owning a private prison:
- High-security facility
- 8″ Precast Concrete Construction on Walls, Ceiling, and Floor (This facility is designed to withstand an F5 tornado)
- 4″ Water Line
- 3-phase Electric
- Emergency generator
- Wet fire sprinkler system
- Property is located in an industrial park in Brush
So while Trump’s tax law changes could spark new interest among investors to reopen the prison in hopes for a government contract, there is a distinct chance that a newly minted Bitcoin millionaire could stumble across this property and find the current infrastructure appealing for one of two things: a bitcoin mining facility or a marijuana growing operation, or perhaps both.
Comments
What a fucked up world we live in now
I know. People selling valuable real estate for worthless bitcoins.
In reply to What a fucked up world we… by YUNOSELL
Buying cages packed with drug addicts, with currency used by drug dealers. Yep, that makes sense.
In reply to I know. People selling… by HillaryOdor
Looks like an inner city school
In reply to Buying cages packed with… by gigadeath
Yeah, but if I buy it will the Brush, Colorado cops round up people on trumped up charges then a corrupt judge sentences them to long stays in my prison, but its really an Amazon warehouse with free labor. Robots cost Bezos money.
In reply to What a fucked up world we… by YUNOSELL
Zorba has enough money to buy this property. If The Donald upholds his promise to drain the swamp, Zorba will gladly provide the facility to confine said swamp creatures: Hillary and Billary, Debbie Wasserman Schultz, Podestra the Pedophile, treasonous FBI officials, Obama, and lets not forget, Maxine Waters ( Zorba will provide a special place for her. ) Zorba will hire former Guantanamo Bay employees to run the daily operations. One can only dream.
In reply to … by BennyBoy
What a fucked up generic reaction you have there.
In reply to What a fucked up world we… by YUNOSELL
A lot more people in CA are fucked up now that pot is legal.
In reply to What a fucked up generic… by MusicIsYou
She'll make a really great legal Cannabis operation in Colorado.
precisely... who the fuck warehouses humans? ill tell you who im more scared of , its not the pot smokers..
In reply to She'll make a really great… by Herdee
That the only thing you should be scared of. Give me a good crackhead any day. Pot heads live too long and are ticking soulless timebombs. They'll drag you to hell and you won't even know your there.
In reply to precisely... who the fuck… by ThePhantom
@ Unsafe.....do you mean like Governor Brown, burnt out pothead, who is dragging the entire state of California into financial hell?
In reply to That the only thing you… by unsafe-space-time
It's got three phase, can be used for engineering. It could make a nice headquarters after remodeling, though you will always be tormented by the ghosts of prison rapes past.
"Female inmates", they said.
In reply to It's got three phase, can be… by Skateboarder
I'm still paying for the prison I currently live in.
Well you can still safely drop the soap in your current one without clinching your butt cheeks
In reply to I'm still paying for the… by Oldwood
Unless of course his wife is a real "badass" ... *rimshot*
In reply to Well you can still safely… by booboo
Soap or not, you're still clenching when the tax man cometh.
In reply to Well you can still safely… by booboo
A private prison means you have no business being locked up there.
Because the gubmint always runs things so much better?
In reply to A private prison means you… by MusicIsYou
If prisons can be private anyone can buy one, and they're called dungeons.
If it was in Nevada it would make a great cat house.
You could house female prisoners while turning them out for tricks.
Add a bit more electronic security and you have a decent precious metals storage facility.
Still, keep D block available for a weed grow operation )
In the dark age anybody with a little money locked people in their private dungeons.
Scooore!
If you're locked in a private prison your only living purpose is to cause problems.
Well it looks like 2018 will be over the top funny.
You elites should be careful, I might lock your asses in my private prison.
I call my private prison the earth.
In reply to You elites should be careful… by MusicIsYou
No thanks.
Smart, can sell the real estate to people that have no fucking idea what a cap rate is.
Damn, that place is dirt cheap. Around central New England you couldn't build that for less than 10 million bucks plus the land. Even at $200 a square foot you're talking $18,000,000!
Bet some Chinese investor buys it and puts 500 condos on it at $1million each.
In reply to Damn, that place is dirt… by lincolnsteffens
Does it come with it's own Crooked Judge to Fill it. man has to make a profit ya Know.
Maybe you could convert it to iphone manufacturing?
Could we buy a credit or something so we could stick Hillary in there?
The militias are going to buy it to house the traitors?
There's no more a "private prison" than there is a useful and legitimate "crypto-currency."
Have at it, crypto-fans... fix it up nice.
I'll buy it
Make some women's prison movies
If it comes with a couple-three Clintons... I'll take it.
Great place to keep all your bitchez :))
Too far from skiing.
Clickbaity!
Anyone who profits from the misery of private prisons: executives, board members, investors, judges, politicians, police and others will have a lot to answer for when they ultimately meet their maker.
Reminds me of the Walking Dead, a cheap way to have a secure bugout shelter for a group of people.
it's a stupid data center. I doubt there is enough power, HVAC or data to feed it. It's also a poor marijuana grow facility lacking good power.
It would be better to use it as a prison, or movie set.
now if you want a survivalist center its not bad...
come the zombie apocalypse, if it has good water, you could hold out with 50 people there against anything less then an army battalion.
Turn it into a health retreat. Lock fat people in and feed them controlled rations so they are guaranteed to lose those extra pounds.
100% success rate for fatties. Might even be fun to run.
"No soup for you, Oprah!"
Turn it into a health retreat. Lock fat people in and feed them controlled rations so they are guaranteed to lose those extra pounds.
100% success rate for fatties. Might even be fun to run.
"No soup for you, Oprah!"
Well this is what happens with a jittery enter key finger.
In reply to Turn it into a health… by Conax
Perfect for a Soylent Green operation.
Pagination