Trump's new Alcatraz prison could cost $2 billion, Axios reports

(Reuters) -U.S. President Donald Trump's plan to convert Alcatraz back into a maximum-security prison could cost roughly $2 billion, Axios reported on Friday citing administration sources.

"Estimates are still ongoing and there is no reportable final number," a White House spokesperson told Reuters.

Alcatraz was closed as a maximum-security prison in 1963 after 29 years of operation, because it was too expensive to continue operating. Trump previously said he would order the long-shuttered facility, now operated as a historic site in San Francisco Bay, to once again house violent criminals.

(Reporting by Mrinmay Dey in Bengaluru; Editing by Daniel Wallis)

You May Also Be Interested In

• Exclusive-Trump administration drafting ban on Chinese data center devices, sources say
• Bank of Japan's ETF holdings may help fund tax cut, LDP executive says
• Oil prices slip as Iran-Oman talks fuel hopes for US-Iran peace deal