Curt Schilling

38 Studios
3:41 pm
Tue May 28, 2013

Gov. Chafee's Office Analyzing Cost of Defaulting on 38 Studios Loan

Protestors rally in downtown Providence against paying back a $75 million guaranteed loan to 38 Studios.
Credit Don Borman / RIPR

Gov. Lincoln Chafee’s administration is doing a financial analysis on the cost of not paying back investors who underwrote the state’s loan guarantee for failed video game maker 38 Studios.

The governor has said it’s important for the state’s reputation to pay back the 38 Studios loan. Chafee’s spokeswoman, Christine Hunsinger, said several state agencies and department heads are conducting an analysis on the cost of not paying back those bondholders.

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38 Studios
2:54 pm
Wed May 22, 2013

38 Studios Lawyers: Curt Schilling Hid Nothing From RI

Video game company 38 Studios went bankrupt after receiving a $75-million loan from the state.
Credit RIPR

Lawyers for the defunct 38 Studios video game company were back in court Wednesday, asking a judge to dismiss a lawsuit brought against them by the Rhode Island Economic Development Corporation. The suit alleges that executives of the defunct Curt Schilling enterprise deliberately misled state officials about the financial viability of the company to gain a $75 million state-backed loan.

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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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On Politics
3:19 pm
Wed March 20, 2013

The revenge of Don Carcieri

So now the most ridiculous and irresponsible decision of former Gov. Donald Carcieri’s tenure has come home to roost. That, of course, would be the decision to gamble $100 million or so of the taxpayers’ money on Curt Schilling’s ill-fated 38 Studios video game company.

The company is now bankrupt. As ProJo State House veteran Katherine Gregg reports, the budget proposal from Governor Lincoln Chafee, the most vocal opponent of this fiasco during the 2010 governor’s race, has proposed making the initial $2.5 million payment to bondholders.

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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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Morning News Podcast
10:00 am
Fri February 22, 2013

Friday, February 22, 2013

A snow storm is on its way.  Yes, again.  The ACLU says the state's Attorneys General are falling down on the job of enforcing the Open Meetings Law.     These stories and more on the RIPR Morning News Podcast, along with this week's Political Roundtable with guest Pablo Rodriguez. 

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you.  news@ripr.org
 

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Morning News Podcast
9:45 am
Tue February 19, 2013

Tuesday, February 19, 2013

RI's former Attorney General is in Brazil helping law enforcement looking into a deadly nightclub fire.  RI and MA are working out how to best regulate centers which dispense  medical marijuana.  These stories and more on the RIPR Morning News Podcast.  Also a special interview by Ian Donnis with US Attorney Peter Neronha.

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you.  news@ripr.org

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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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On Politics
11:51 am
Mon January 14, 2013

Chafee's big night comes Wednesday

Rhode Island Gov. Lincoln Chafee delivers his annual State of the State Speech this week. RIPR political analyst Scott MacKay on why the governor’s words are crucial.

Lincoln Chafee has been governor for two years, but can any of  his constituents honestly point to an accomplishment or speech that addresses our state’s crying need: a better economy that generates needed jobs.

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On Politics
4:10 pm
Fri September 14, 2012

Carcieri’s 38 Studios denial

Former Gov. Donald Carcieri has finally broken his silence on 38 Studios. RIPR political analyst Scott MacKay on what the former governor did not say.

It was a grim-looking Don Carcieri who ended his retirement hiatus from media scrutiny with an interview with WPRI-TV’s Tim White. If not contrite about the disaster that was the state’s $75 million investment in the video game company, the former governor at least took responsibility for pushing the deal.

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