A state economic development official who stepped down amid the controversy over a loan guarantee to Curt Schilling’s troubled video game company will receive just under $64,000 in severance pay.
The state of Rhode Island is working to determine how much it stands to lose in a $75 million loan guarantee deal for former Red Sox pitcher Curt Schilling’s video gaming company after its bankruptcy filing this week.
Former Red Sox pitcher Curt Schilling’s
troubled video gaming company, lured to Rhode Island with a $75
million state loan guarantee two years ago, filed for bankruptcy
protection on Thursday, and federal authorities have begun an
investigation into the firm.
Curt Schilling’s video game company, 38 Studios, laid off its entire staff in Rhode Island and Maryland last month, including 300 people who worked in Providence. If it folds, Rhode Island taxpayers may have to pick up the tab on a $75 million loan guarantee that lured 38 Studios from Massachusetts.
Rhode Island is investigating complaints that former Boston Red Sox pitcher Curt Schilling’s video game company stopped paying its workers three weeks before it laid off its entire staff.
Curt Schilling’s faltering Rhode Island video game company has laid off its entire staff.
Former Red Sox pitcher Curt Schilling and Rhode Island’s economic development agency met Monday to discuss the finances of his troubled video game company.
Former Red Sox pitcher Curt Schilling is thanking his well-wishers after his video game company defaulted on a $1.1 million payment to the state and was unable to meet payroll this week.
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.
Former Red Sox pitcher Curt Schilling asked Rhode Island for additional help to save his video game company Wednesday, prompting state leaders to consider whether the firm is viable enough to justify further investment.