PROVIDENCE, R.I. (AP) — Rhode Island Gov. Lincoln Chafee (CHAY’-fee) says the state must do “everything possible” to keep former Red Sox pitcher Curt Schilling’s video game company solvent and prevent the state from having to pay the firm’s debts.
Chafee acknowledged concerns about 38 Studios’ financial health Tuesday.
The company was lured from Massachusetts in 2010 after Rhode Island offered a $75 million loan guarantee that state officials said would help bring jobs and tax revenue. Chafee criticized the deal at the time.
Chafee now says the state must help the company remain solvent. He declined to discuss specific assistance the state might provide.
A spokeswoman for the Economic Development Corp., whose board approved the loan guarantee, declined to comment.
A representative of 38 Studios did not immediately return messages left by The Associated Press.
