ICE is likely paying a premium to get the deal through quickly. E.g., in Hamburg, PA, the warehouse was purchased in 2024 for $57.5 million and sold to ICE for $87 million.
The real profit will come with the private prison companies and contractors hired to refurbish and staff these facilities.
February 9, 2026 at 6:21 PM
ICE is likely paying a premium to get the deal through quickly. E.g., in Hamburg, PA, the warehouse was purchased in 2024 for $57.5 million and sold to ICE for $87 million.
The real profit will come with the private prison companies and contractors hired to refurbish and staff these facilities.