38 Studios, Schilling ask Rhode Island for more money; state officials freeze
Posted by Joystiq May 16 2012 19:03 GMT in Kingdoms a Amalur: Reckoning
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Today's emergency meeting by Rhode Island officials t' determine what they be going t' do about Curt Schilling's 38 Studios has concluded with officials freezing like deer in headlights. Nothing happened.

Rhode Island's Economic Development Corporation will take no immediate action t' aid the developer, following a closed-door meeting attended by Governor Lincon Chafee 'n Schilling, who asked for additional help t' save the company. Schilling refused t' answer press inquiries 'n officials wouldn't declare how much money the studio be seeking.

"How do we avoid throwing good money after bad?" Chafee be quoted as saying after the three-hour emergency meeting finished.

If the studio doesn't receive assistance, it appears Rhode Island taxpayers may very be on the hook for the $75 million 38 Studios loan that, after interest, would require paying back $112.6 million through 2020.

[Developing]

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