Cornell Companies Inc. says it expects to receive a contract from Alaska to house 1,000 state prisoners at a facility the company is building in Hudson in Weld County.
Cornell said Saturday that Alaska had sent it a "notice of intent to award" a contract for 1,000 male inmates.
Once the Colorado facility reaches full occupancy, the Houston-based company expects the contract to generate nearly $22 million in annualized operating revenues.
The new Colorado facility would be able to hold 1,250 beds. It is expected to be completed this year.