Rhode Island Governor Takes Responsibility For 38 Studios

PROVIDENCE, R.I. (AP) _ Gov. Don Carcieri  says he’ll take responsibility for the state’s $75 million loan guarantee to former Red Sox pitcher Curt Schilling’s now-failed video game company but that it’s possible 38 Studios could have been saved.

Carcieri tells WPRI-TV in an interview airing Thursday evening that steps might have been taken “along the way” to salvage 38 Studios and its nearly 300 jobs in Providence.

The state Economic Development Corp. board in 2010 approved the loan guarantee as a way to lure 38 Studios from Massachusetts.

State officials said the deal would mean 450 jobs and millions of dollars in tax revenue.

The company filed for bankruptcy in June.

Carcieri told The Providence Journal in 2010 that the loan guarantee would be risky only “if everything goes wrong.”
Information from: WPRI-TV, http://www.wpri.com

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

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