38 Studios

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Ian Donnis / RIPR

State Representative Karen MacBeth (D-Cumberland) wants the House Oversight Committee to use its subpoena power to extract documents and compel appearances by key figures in Rhode Island's losing investment in failed video game maker 38 Studios.

Ian Donnis / RIPR

Daniel Harrop, a Republican candidate for mayor of Providence in 2014, joins the Roundtable this week as we discuss a ruling in the 38 Studios lawsuit; Harrop's campaign for City Hall; the organization of child care workers; and the 50th anniversary of the March on Washington.

The state’s lawsuit over failed video game company 38 Studios will move forward. Superior Court Judge Michael Silverstein dismissed some of the counts, but allowed key parts of the state’s lawsuit to move ahead.

file / RIPR

Rhode Island’s lawsuit over failed video game company 38 Studios will move forward. Superior Court judge Michael Silverstein dismissed some of the counts, but allows key parts of the state’s lawsuit to move ahead.

(Read the judge's 98-page decision here.)

When video game maker 38 Studios went belly up after receiving a $75 million state loan guaranty, it left taxpayers in the lurch for roughly $100 million.

Welcome back to my Friday column. As always you can reach me at idonnis (at) ripr (dot) org. Let's get started.

Former Red Sox star Curt Schilling says stress from 38 Studios’ business problems was part of why he suffered a heart attack in 2011.  Schilling revealed the health problem in an interview with the Boston Sunday Globe.

Schilling tells the Globe he experienced chest pains while watching his wife run in the New York Marathon in November 2011. That was seven months before 38 Studios went bankrupt, leaving Rhode Island taxpayers on the hook for close to 100 million dollars. Schilling says he was treated after returning to Boston.

Welcome back to my Friday politics + media column. As always, you can reach me at idonnis (at) ripr (dot) org. Let's head in.

Ian Donnis / RIPR

Democratic candidate for treasurer Ernest Almonte joins the Roundtable to discuss lingering questions about 38 Studios; the state pension fund's stake in hedge funds; and how John Robitaille could remake the GOP field for governor in 2014.

RIPR FILE

A legislative committee Wednesday held the fourth in an ongoing series of oversight hearings on Rhode Island’s investment in failed video game company 38 Studios. Committee members had different views on the value of the meeting.

Don Boorman / RIPR

The House Oversight Committee is set Wednesday to examine the state’s losing investment in failed video game maker 38 Studios.

The General Assembly ended the legislative session last month. But members of the House Oversight Committee are returning to Smith Hill  to examine Rhode Island’s misadventure with 38 Studios.

The discussion will focus on documents obtained from the state Economic Development Corporation about the EDC’s approval of bonds for 38 Studios. The video game company was lured here with a $75 million  state-backed guaranteed loan in 2010.

Bonus Q+A: Gordon Fox

Jul 19, 2013

Seldom does a politician have a chance to not only change history but the trajectory of his own life. That was the case this year with Rhode Island Speaker of the House Gordon Fox, who spearheaded the same sex marriage bill that passed the General Assembly after years of defeat. Fox, an openly gay politician, discussed how the law will affect his own life in an interview with Rhode Island Public Radio’s Flo Jonic and Scott MacKay.

John Bender / RIPR

Same sex marriage. Tolling the Sakonnet River Bridge. The 38 Studios taxpayer bailout. Those are some of the topics we touch on this morning. Our regular host, Ian Donnis, is out, Rhode Island Public Radio’s Flo Jonic is filling it.

The Bottom Line: Legislative Recap

Jul 12, 2013

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday they look at business news and themes that affect local business and the public.

This week Dave and mull over the recent legislative session. They discuss attempts to restructure the state’s Economic Development Corporation, historic tax credits and the new health insurance commissioner.

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

State Representative Michael Marcello (D-Scituate), chairman of the House Oversight Committee, takes part in Bonus Q+A to discuss Oversight's hearings on 38 Studios, transit funding, the legislative process, and other issues.

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