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Figure In Schilling Rhode Island Development Loan Quits

By ERIKA NIEDOWSKI, Associated Press

PROVIDENCE, R.I. (AP) _ The head of the Rhode Island agency whose board approved a $75 million loan guarantee for former Red Sox pitcher Curt Schilling’s now financially troubled video gaming company has resigned.

A statement from Gov. Lincoln Chafee’s office says Keith Stokes resigned Wednesday as executive director of the Economic Development Corp.

Schilling’s 38 Studios asked the state for additional help after defaulting May 1 on a $1.1 million payment to the EDC.
Stokes told The Associated Press on Thursday that he had been considering stepping aside for a while.

As to whether 38 Studios played a role in his decision to resign Stokes quoted novelist William Faulkner, saying that all of us fail to “match our dreams of perfection.”

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

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