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Wyatt Detention Facility Files for Bankruptcy | Providence News
Wyatt Detention Facility just filed for bankruptcy — a bold move to slash $100 million in debt and finally break free from years of legal deadlock with bondholders and the city of Central Falls. Once saddled with $167 million in bonds, the facility hopes to reduce that to just $67.5 million if the court approves. After years of lawsuits and stalled negotiations — fueled by the city’s push to distance itself from ICE operations — all key players now seem aligned. The financial crisis dates back to 2005, when a $106 million loan nearly doubled the facility’s size, and by 2014, it was in…
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