CoreCivic says Appleton facility sale price reflects replacement cost less depreciation
CXW•CoreCivic said the federal purchase price for Prairie Correctional Facility, also known as Appleton Detention Facility, followed independent appraisals and reflected current replacement costs less depreciation. The $75 million figure was a preliminary 2015 proposal to Minnesota corrections officials, not an appraisal or replacement-cost estimate.
1. Valuation clarification
CoreCivic said independent appraisals informed the federal purchase price for Prairie Correctional Facility, also known as Appleton Detention Facility. The company said the valuation reflected current replacement costs less depreciation and accounted for significant renovations. It clarified that the reported $75 million figure was a preliminary 2015 proposal to Minnesota corrections officials, not an appraisal or replacement-cost estimate.
