Private prisons are an attractive option when it comes to prisons and jails. Private owned prisons are attractive in todays economy for many reasons. The first and main reason why they are attractive is the cost of the prisons. Private prisons have the attraction to save millions a year. Basically private prisons are big businesses with budgets that save millions a year. There are many pros and cons when it comes to privately owned prisons. Some pros about privately owned prisons are the cost and population control. One of the major intended benefits of private prisons is for the Government to save money by placing inmates in contracted facilities.