Thursday, December 1, 2011
Failing on Promises of Economic Benefits
Central Falls, RI, like many other towns and cities across the country, is facing a difficult budgetary climate and could greatly benefit from some increased revenue. You know, revenue like the $525,000 the town is supposed to receive annually from the private company that operates its prison. Except the company hasn't been paying the town for years, and now Central Falls is pursuing bankruptcy protection because its risky investment with a private prison didn't quite pan out as it had hoped.