38 Studios

Politics
11:56 am
Fri July 11, 2014

Despite Objections, Hearing Into Possible 38 Studios' Lobbying Violations Moves Ahead

A lawyer for Michael Corso, who was involved in talks to bring 38 Studios from Massachusetts to Rhode Island, on Friday challenged the legal basis for a hearing into whether Corso violated state lobbying laws.

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Politics
8:41 am
Tue July 8, 2014

Judge Set To Hear First Settlement Case Out Of 38 Studios Lawsuit

A Superior Court judge is scheduled Tuesday to consider the first settlement growing out of the state’s lawsuit over 38 Studios. The settlement calls for the state to get a payment of $4.3 million.

After 38 Studios went bankrupt in 2012, the state sued 14 defendants to try to cut down the roughly $90 million owed by taxpayers. The first proposed settlement in the case was announced late last month. It involves the law firm of Moses Afonso Ryan, which served as bond counsel for the ill-fated 38 Studios project.

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Political Roundtable
4:00 am
Fri June 20, 2014

Political Roundtable: Smiley on Block vs. Fung; the Budget, 38 Studios & More

State Republican Chairman Mark Smiley joins Political Roundtable this week to discuss the GOP gubernatorial primary between Allan Fung and Ken Block; the budget signed into law by Governor Lincoln Chafee; the outlook for electing more Republicans to the General Assembly; and the latest developments on 38 Studios.

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On Politics
1:50 pm
Wed June 18, 2014

State Police To Interview Lawmakers On 38 Studios

Fox at the rostrum earlier this year
Credit Ian Donnis/File Photo / RIPR

House Speaker Nicholas Mattiello is applauding plans by state police to speak with lawmakers about a 2010 vote that set the stage for 38 Studios to come to Rhode Island. A Job Creation Guaranty Program approved by the legislature was later used to channel $75 million to the ill-fated video game company.

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Political Roundtable
4:00 am
Fri June 13, 2014

Political Roundtable: Shekarchi on the Budget, 38 Studios, Education & 2014

Credit Ian Donnis / RIPR

State Representative Joseph Shekarchi (D-Warwick) joins Political Roundtable this week to discuss the House budget; 38 Studios; the latest findings about public school performance in Rhode Island; and a new entry in the race for lieutenant governor.

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On Politics
2:04 am
Fri June 13, 2014

38 Studios Dominates Discussion as House Passes $8.7B Budget

Rep Marcello supporting an amendment for an independent prosecutor on 38 Studios. The amendment failed by a large margin.
Credit Ian Donnis / RIPR

A House vote in favor of a new $8.7 billion budget early Friday was dominated by debate about 38 Studios. The spending plan for the fiscal year starting July 1 includes $12.3 million dollars to continue paying back investors in the failed video game company.

Budget articles passed with lopsided margins and mostly no back and forth. Yet an attempt to establish an independent prosecutor to examine how the state bungled into 38 Studios sparked sharp exchanges. Representative Michael Marcello (D-Scituate) argued in favor of the outside probe.

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Politics
9:13 am
Tue June 10, 2014

Bill Looks To Create Commission To Investigate State Loan Programs

A new bill would create a commission to investigate state loan programs.
Credit RIPR FILE

A bill slated to be considered Tuesday by the House Finance Committee would create a commission to investigate loan programs like the one that funded 38 Studios. House Speaker Nicholas Mattiello has opposed the idea of lawmakers using subpoenas to probe 38 Studios.

The bill sponsored by state Representative Michael Chippendale (R-Foster) would create a nine-member panel to investigate unsuccessful state loan programs. Chippendale said it’s important to press for answers even if the state budget being voted on later this week includes money to pay back 38 Studios’ investors.

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Politics
8:24 am
Fri June 6, 2014

House Finance Committee Passes $8.7 Billion Budget

Lawmakers announce plan to zap Sakonnet River Bridge toll. House Finance Chairman Ray Gallison stands at the microphone.
Credit Ian Donnis / RIPR

On a 14-2 margin, the House Finance Committee Thursday approved an $8.7 billion budget for the fiscal year starting July first.  Lawmakers say they hope tax cuts will bolster Rhode Island’s underperforming economy.

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Political Roundtable
4:00 am
Fri June 6, 2014

Political Roundtable: Ferri on Running for LG; RI's Healthcare Exchange; 38 Studios & More

Credit Ian Donnis / RIPR

State Representative Frank Ferri (D-Warwick), one of three Democrats running for lieutenant governor, joined Political Roundtable this week discuss his campaign and other issues, including 38 Studios and the Democratic race for governor.

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Politics
8:51 am
Thu June 5, 2014

Finance Committee To Take First Pass At 2015 State Budget

The House Finance Committee is expected to voted on the State Budget Thursday night.
Credit Aaron Read / RIPR

The House Finance Committee is expected to vote this Thursday on a new state budget for the fiscal year beginning July first. The General Assembly traditionally makes significant revisions to the governor’s proposed spending plan.

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