By Dan Bechtold, Editor
Toby Morris of Dougherty and Co., Pierre, presented a financial overview on the feasibility of expanding the city jail at the March 8 meeting of the Winner City Council.
The city is proposing to purchase the American Legion building and property for a $2.45 Million jail expansion.
Morris said the city has run the current facility as a profitable enterprise. “From a business perspective this is huge,” said Morris. The City of Winner would be obligated to a $150,000 payment a year for 20 years.
He added that crime is not going away and from a business side it makes sense to do the expansion.
Morris based his projections on an anticipated maximum capacity of 35 additional clients of day. This would bring in a net income of approximately $300,000.
Loading ...