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.
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.
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.
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.
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.
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:
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.”