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RI Legislators Continue Review of 38 Studios Deal

RI Legislators Continue Review of 38 Studios Deal

PROVIDENCE, R.I. (AP) _ A legislative committee in Rhode Island is continuing its review of what went wrong with the state's investment in former Red Sox pitcher Curt Schilling's now bankrupt video game company.

The House Oversight Committee is scheduled to meet Wednesday afternoon at the Statehouse to continue its review of documents related to the failed investment in 38 Studios.

The committee is reviewing thousands of pages of material related to the state Economic Development Corp. board's approval of a $75 million loan guarantee for the company.

The company's bankruptcy put the state on the hook for the money, plus millions more in interest.

Wednesday's meeting is expected to focus on the EDC's supervision of the deal once the loan guarantee was approved.

 

 

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