38 Studios oversight hearings planned in RI House

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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.

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