The Chafee administration is conducting a financial analysis on the cost of not paying back the moral obligation bonds that funded a $75 million loan guaranty for failed video game maker 38 Studios, the governor's spokeswoman said Tuesday.
Chafee spokeswoman Christine Hunsinger says the governor remains a strong believer that paying back the investors who bought the bonds is the right thing to do.
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.
Moderate Party founder Ken Block has announced that he’ll be a candidate for governor next year. Block calls himself a problem-solver who can move the state forward.
Block thinks he can significantly improve on his showing in 2010, when he got six and a half percent of the vote for governor. He says he’s running because Rhode Island’s problems are abundantly clear.
Former Cranston Mayor Stephen Laffey, who had a meteoric rise in Rhode Island politics before losing a Republican primary challenge to then-US Senator Lincoln Chafee in 2006, is headed toward a GOP run for governor in his adopted state of Colorado.
Pablo Rodriguez joins the Roundtable this week as we discuss the 2014 race for treasurer; Governor Lincoln Chafee's recent judicial nominations; lower-than-expected state revenues; and the trio of controversies facing President Obama.
Governor Lincoln Chafee’s choice to lead the state Economic Development Corporation appears on a fast-track to approval, following his unanimous approval Tuesday by a state Senate committee. Marcel Valois is calling for more support for small innovators and entrepreneurs.
Valois says Rhode Island’s business climate doesn’t have to remain the butt of bad ratings in national surveys. Invoking the state motto of “hope,” he says Rhode Island can prosper by bringing a sharper focus and new approach to economic development.
Gov. Lincoln Chafee’s choice to lead the state Economic Development Corporation faces approval by a state Senate committee Tuesday. The vote comes amid debate over whether to reorganize the EDC.
Chafee’s choice, Marcel Valois led the EDC back in the 1990’s during Lincoln Almond’s tenure as governor. Valois is the vice president of an economic foundation. He was previously chief operating officer of the Penske Automotive Group.