1 Exhibit 23.3 CONSENT OF INDEPENDENT PUBLIC ACCOUNTANTS As independent public accountants, we hereby consent to the incorporation by reference in this registration statement on Form S-8 of CCA Prison Realty Trust and Corrections Corporation of America of our report dated February 16, 1998 relating to the financial statements of Corrections Corporation of America's Form 10-K for the year ended December 31, 1997 and to all references to our Firm included in or incorporated by reference in this registration statement. /s/ ARTHUR ANDERSEN LLP ------------------------------ Nashville, Tennessee June 26, 1998