Financial Controversy Over Two Prison Contracts Gives Bibb Opponents Hope

Land has been cleared and it appears a well is being drilled on this property on A. Arker Road and Brickyard Pass about a mile west of Alabama 139 in Bibb County, likely the site of a new mega prison.

Land has been cleared and it appears a well is being drilled on this property on A. Arker Road and Brickyard Pass about a mile west of Alabama 139 in Bibb County, likely the site of a new mega prison.

Nancy Wilstach, BirminghamWatch

Major banks have backed off of financing two of the three proposed new prisons in Alabama, leaving opponents of Gov. Kay Ivey’s plan to lease the prisons from private groups hopeful that any deals related to the third site, in Brierfield, also would hit a snag.

Bloomberg News reported Monday that the sudden about-face by Barclays and Keybanc took financial traders by surprise.

The prisons in Escambia and Elmore counties are slated to be built by CoreCivic, a prison company that has contracted with the state of Alabama to build the two prisons and lease them to the state for 30 years. The third site, proposed for Brierfield in Bibb County, is to be built and owned by a consortium headed by BL Harbert.

The banks’ sudden resignation as lead underwriters for the bond sale is considered highly unusual, as the debt was initially set to have been issued last week and pricing levels were already circulating among potential investors. According to a spokesperson for Barclays, the decision resulted from “feedback we have heard” from activists and concerned investors.

Chris Nelson, an activist in the prison opposition movement, said the group is hoping the Brierfield prison site runs into the same obstacles as the CoreCivic projects.

Nelson has been pursuing information about how the Brierfield prison will obtain water and sewer service by filing requests under the Freedom of Information Act with surrounding municipalities and water systems.

So far, he said, he has obtained letters confirming that Montevallo’s water board is willing to serve the prison with water and sewer — but only if the developers pay the cost of extending lines and upgrading the Montevallo sewage treatment plant.

Wilton, a town just south of Montevallo, has agreed to provide water to the prison in emergency situations only.

Meanwhile, other members of Nelson’s group, Alabama Students Against Prisons (ASAP), have gathered documents such as a report from the Ethical Investment Advisory Committee to the University of Rochester board of trustees warning that “it is unseemly at best for institutions of a free society to seek profits from investments in for-profit prisons.”

Another citation from ASAP was from a book by Lauren-Brooke Eisen “Inside Private Prisons: An American Dilemma in the Age of Mass Incarceration” about institutions interested in maintaining a favorable public image that are divesting from private prisons.

Several legislators have expressed dismay that Ivey went ahead with the prison deals without consulting the legislative branch.


Alabama fertility care in limbo as lawmakers discuss legislation

As patients lose access to care, the clock is ticking for Alabama lawmakers to agree on legislation to protect IVF.

This shop is bringing gender-fluid clothing to Birmingham

In 2013 Sarah Randolph had an idea: she would open a store in Birmingham that resembled the vintage and consignment shops she loved, but with a twist. The shop would be gender-neutral.

Lawmakers promise action after Alabama IVF ruling

One story dominated Alabama politics this past week – an Alabama Supreme Court ruling that found frozen embryos are considered children under a state civil law.

A mother asks what’s next after Alabama Supreme Court ruling that frozen embryos are children

Dr. Aubrey Coleman, who’s a mom, pediatrician, and IVF patient, discusses the far-reaching repercussions of the Alabama Supreme Court ruling that finds embryos are legally the same as children.

4 factors besides cold weather that explain expensive winter power bills

Like many in the Gulf South, Will Burt’s power bill spiked in January due to extreme weather. But how much of the increase can be attributed to the cold?

How an Alabama court ruling that frozen embryos are children could affect IVF

The Alabama Supreme Court recently ruled that frozen embryos can be considered children under state law, raising concerns about how the decision could affect in vitro fertilization, commonly known as IVF.

More Front Page Coverage