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| Buyers not interested in prison |
| By Face the State |
| Published: 02/04/2009 |
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COLORADO - In response to Gov. Bill Ritter's request that all state departments and agencies propose 10 percent cuts to their budgets for the coming fiscal year, the Department of Corrections is proposing the closure and sale of a minimum security prison in Rifle. As part of its proposed $51.2 million in reductions, DOC officials are proposing decommissioning the Rifle Correctional Center, with the ultimate goal of selling it to a private buyer. Officials estimate the sale of the prison could generate about $7.7 million. The legislature is currently considering the proposal, but has not yet approved it. The problem, however, is that there is no prospective buyer for the property and real estate in Rifle is not immune from the nationwide real estate slump. Capitol insiders had recently speculated that Shell Oil might be interested in purchasing the prison and converting into employee housing. Read more. |
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