PROVIDENCE, R.I. (AP) — The Rhode Island House is planning hearings into the 38 Studios debacle as lawmakers consider a $2.5 million payment related to the state’s failed investment in Curt Schilling’s now-defunct video game company.
House Oversight Committee Chairman Michael Marcello said he plans to hold hearings on the state Economic Development Corp., whose board in 2010 approved a $75 million loan guarantee for Schilling’s startup. He said he expects the review to touch on whether the agency scrutinized the deal closely enough.
Real journalism.Trusted by millions.
Unlimited access to in-depth reporting, expert analysis, and the stories that shape our country.
Subscribe Now
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.