Alabama
Montgomery: State officials said Thursday that they will move forward with plans to build two supersize prisons despite a bond sale falling more than $200 million short amid a volatile market and pressure from activists. The Alabama Corrections Institution Finance Authority hoped to sell $725 million in bonds for the construction project but was only able to sell $509 million. The bond issue is a key funding piece for the $1.2 billion construction price tag. State Finance Director Bill ...