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I think it’s $200 mil a season and in an interview they said that they planned 5 seasons, so thats where the reported billion comes from. It’s a bit misleading, but still a lot of money. RoP is certainly not as good looking, but if you’re accounting for inflation and runtime the numbers make more sense.
Missouri actually doesn’t use private prisons, privatization is only a part (albeit extremely cruel part) of how messed up the overall US prison problem is, not the cause.