Alabama Sells $190 Million in Bonds for Escambia County Prison
Alabama has sold $190 million in bonds to Regions Capital Advantage, a division of Regions Bank, to finance the construction of a new men's prison in Escambia County.
Birmingham, AL, October 28, 2026 —
Alabama has sold $190 million in bonds to Regions Capital Advantage, a division of Regions Bank, to finance construction of a new men’s prison in Escambia County.
The bond sale is intended to provide financing for the project. The information provided does not identify the prison by name or give details about its planned capacity, design, or construction schedule. It also does not state when the bonds were sold or provide their interest rate, maturity, or other terms.
No further information was provided about the project’s total cost, whether the bond proceeds will cover all construction expenses, or what additional funding may be involved. The details supplied also do not describe the facility’s planned services or explain how the project fits into Alabama’s broader correctional system.
The available information does not specify when construction is expected to begin or when the prison could open. It does not include statements from state officials, Regions Capital Advantage, or Regions Bank about the transaction or the project.
As described, the transaction connects a $190 million bond sale to financing for a new men’s prison in Escambia County. Further details about the bond terms, project timeline, and facility were not provided.
Story summarized from the original created by Ralph Chapoco on alabamareflector.com, see more information here.
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