Schilling asks R.I. for more money to help game company
Former Red Sox pitcher Curt Schilling asked Rhode Island officials for more money for his video game company 38 Studios LLC in a private meeting Wednesday morning, held to discuss whether its reported financial troubles threaten the state’s $75 million investment in the company.
“Rhode Islanders’ hard-earned money is at stake,” Rhode Island Gov. Lincoln Chafee said before the closed session.
Members of the Rhode Island Economic Development Corp.’s board took no action on Schilling’s request Wednesday, and the amount he asked for was not disclosed. “My priority right now is to get back to my team,” Schilling said in a brief statement to reporters.
Chafee began talks with the game company over the weekend, after reports that it missed a $1.12 million loan payment. Schilling moved the company from Maynard to Providence last year in return for $75 million in loan guarantees from the state. The company promised to bring 450 jobs to the city, and Rhode Island officials hoped it would anchor a new video game sector there.
Massachusetts officials tried to keep 38 Studios in Maynard, but declined to match the Rhode Island offer.