38 Studios

RI News
8:23 am
Thu May 2, 2013

Beacon Atop Superman Building Won't Go Out

Credit RIPR

The beacon light atop the tallest building in Rhode Island will remain on for the time being. But the owner of the so-called “Superman Building” says that could change if state leaders don’t approve a $39 million package of tax credits. State leaders are decidedly lukewarm to the idea.

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RI News
7:08 am
Wed May 1, 2013

Superman Building Owner Pursues State Aid

Credit RIPR

The owner of the vacant Superman Building in downtown Providence wants to use $39 million in state money to convert it into for residential apartments.  It remains unclear whether the General Assembly is willing to support that kind of spending.

The Superman Building has been sitting empty ever since Bank of America left in early April. The property’s owner, High Rock Development of Massachusetts, wants to convert the art deco building into 278 rental apartments.

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On Politics
8:27 pm
Sat April 20, 2013

New York Times on 38 Studios: Scandal Grew From Political Insiders' Delusions

The Sunday New York Times is out with Matt Bai's lengthy and well-written overview of Rhode Island's disastrous investment in 38 Studios, former Red Sox star Curt Schilling's bankrupt video game company. Bai's story doesn't offer much in the way of new findings, but it will expose the Ocean State's folly to a broad audience of influentials.

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RI Economic Development
2:59 pm
Tue March 5, 2013

Gov. Chafee: Having Trouble Filling EDC Board

Gov. Lincoln Chafee says he’s having some trouble getting people to serve on the board of the Rhode Island Economic Development Corporation. Seven of the 13 board seats are empty and the agency has no director.  

Chafee says people he’s approached are reluctant to serve because of the high-profile nature of the troubled agency.

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RI News
5:30 pm
Mon February 18, 2013

Curt Schilling's "Bloody Sock" Hits the Auction Block

Credit File / RIPR

So far Curt Schilling’s bloody sock has a highest bid of $32,500 in an online auction of this piece of baseball history. The sock is expected to go for more than $100,000.

While on the mound during the 2004 World Series, former Red Sox pitcher Curt Schilling’s ankle started to bleed. His blood-stained sock became an instant icon and the symbol of his career. Well, a failed videogame business and millions of dollars in debt later, a broke Schilling pulled the sock from the National Baseball Hall of Fame and put it up for auction.

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RI Business
9:18 am
Thu January 3, 2013

2012 News Countdown: The collapse of 38 Studios

(PROVIDENCE, RI) It was a busy year in the Ocean State, and Rhode Island Public Radio’s counting down the ten biggest stories of 2012. Topping the list – is the implosion of the 38 Studios deal.

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Politics
11:28 am
Wed January 2, 2013

General Assembly outlines priorities

(PROVIDENCE, RI) House Speaker Gordon Fox says the time has come for the state Senate to pass a same-sex marriage bill.

Fox, who is openly gay, was joined by his partner as he received the oath of office Tuesday for another term as House speaker.

Fox says Senate President Teresa Paiva Weed hasn’t given him any assurances about the fate of same-sex marriage bill. He says he hopes this is the year for the legislation to move forward.

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On Politics
4:00 am
Fri November 9, 2012

TGIF: 14 things to know about RI politics + media

After a long, strange trip, Election 2012 is in the books. It’s been a long week, so sit back and relax with my latest edition of TGIF. Your comments are welcome, as always, at idonnis (at) ripr (dot) org.

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On Politics
3:00 am
Thu November 1, 2012

Chafee announces lawsuit over 38 Studios against Schilling, Stokes, others

Governor Lincoln Chafee used a video message today (above) to announce litigation by the state over the failure of 38 Studios. The defendants named in the state’s action include Curt Schilling and former EDC director Keith Stokes. 

Here’s the transcription of Chafee’s comments, as provided by the Economic Development Corporation:

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On Politics
1:41 pm
Tue October 23, 2012

Speaker Fox says he’ll defer to the General Assembly on the possibility of defaulting on the 38 Stud

House Speaker Gordon Fox – one of the most powerful people in state government – wants to defer to “the entire General Assembly” on whether the state should consider defaulting on the moral obligation bonds for 38 Studios.

The move comes after Fox, during a taping of a televised debate last Friday, said considering defaulting on the bonds is “an option.”

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