News Team PODCast Reports
Emergency EDC meeting as game-maker defaults
Posted: 5/15/2012 5:38:08 PM
Updated: 5/16/2012 8:31:09 AM
The board of the Rhode Island Economic Development Corporation has set an emergency meeting Wednesday morning, after Curt Schilling's video game making company defaults on a $1.125 million loan guaranatee payment.
Rhode Island House Speaker Gordon Fox revealed the default by 38 Studios on a payment stemming from its $75 million, state-backed loan guarantee, saying he learned of the video game making company's financial situation in a briefing Tuesday from EDC Executive Director Keith Stokes.
The emergency meeting includes a posting for a closed-door, "executive session". It is not clear whether Schilling, the company's founder, former Red Sox pitcher and current ESPN analyst will attend the meeting.
More, with WPRO's Steve Klamkin
Steve Klamkin | WPRO News
|
(5/16/2012 10:21:20 AM) This is what happens when we the taxpayers give someone anything, never mind $75M and no one in the sate has enough sense to follow up and "mind the candy store". another example of total lack of leaderhsip from top to bottom, beginnig to end. |
| - Mike from EG |
|
(5/15/2012 8:19:09 PM) This is what happens when Carceiri meets him at a dinner and flexes his political muscle nice one bone head. Thank goodness we have a mental giant in now.Rich & poor is coming to a theatre near you gradually but on the horizon. |
| - Matt O'Neil |
Add / View Comments
Also on WPRO-AM
- RIer's speak out against Sakonnet River Bridge toll
- New wind turbines commissioned at Fields Point in Providence
- RI faith leaders issue a call for peace
- Officials investigate inmate's death at Wyatt Detention Center
- Fall River Mayor criticizes Chafee's "holiday" tree, hosts tree lighting
- Chaos on the roads: 3 DUI arrests, 3 accidents, 1 death resulting
- Flood-damaged bridge rededicated to RI hero
- Accident on Sakonnet River Bridge causes traffic pileup
