How do prisons effect real estate values?

[Andre Jones]

Good day BP fam 

I invest in Alabama and there's 3 new prisons being built. One will be constructed in a city I invest in and possibly thinking having a second residence. I was thinking that prisons brings jobs so the rental market may increase. But I was also thinking that the prison may lower real estate values in the city and may jeopardize any BRRRR or refinancing I could do in the future.

I own one rental in the area, my father owns a house on the same street and was recently appraised for 63k.  An fixer upper home recently came on the market right down the street (35k). There's a new construction home being built right next door to the fixer upper. So that kind of makes me want to jump on it but I'm the prison situation kind of has me in limbo. 

Has anyone experienced something similar in their real estate experience?