RI economic agency meeting with Schilling
Monday, May 21, 2012
PROVIDENCE, R.I. (AP) -- Former Red Sox pitcher Curt Schilling is meeting with Rhode Island's economic development agency on the finances of his troubled video game company.
Schilling and the Economic Development Corp. board began a closed-door briefing on 38 Studios on Monday evening.
Schilling last week asked the board to help keep the company afloat. The board didn't act on that request. A spokeswoman said she didn't know if the board would take action Monday.
38 Studios moved to Rhode Island from Massachusetts in 2010 after the state offered a $75 million loan guarantee that officials said would mean new jobs and tax revenue.
The company was late on a $1.1 million payment to the EDC and told officials it would not be able to make payroll last week.
Schilling has declined to comment.