Schilling asks R.I. for additional help to save video company

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Schilling asks R.I. for additional help to save video company

PROVIDENCE, R.I. -- Former Red Sox pitcher Curt Schilling asked Rhode Island for additional help to save his video game company Wednesday, prompting state leaders to consider whether the firm is viable enough to justify further investment.

Schilling, an ESPN baseball analyst, briefed Gov. Lincoln Chafee and the state's Economic Development Corp. board in a closed-door session.

Following the meeting, Chafee would not say what Schilling is seeking from the state. The governor said the question before state economic development officials was, "How do we avoid throwing good money after bad?"

Schilling declined to answer questions, saying only: "My priority right now is to get back to my team."

Concerns about 38 Studios' financial health arose when it failed to make a scheduled 1.1 million payment to the Economic Development Corp. on May 1.

The business was lured from Massachusetts in 2010 after Rhode Island offered a 75 million loan guarantee that state officials said would help bring hundreds of jobs and millions in tax revenue.

No action was taken on 38 Studios' new request. The board's next scheduled meeting is Monday.

Chafee, an independent, has vowed to do "everything possible" to assist the company, named after Schilling's number as a player, and prevent the state from having to pay the company's debts.

"The most important thing, going forward, is the viability of the company," Chafee said Tuesday. "We're looking at everything."

House Speaker Gordon Fox said he began hearing "inklings" about trouble at the company a few weeks ago, but still doesn't have the necessary information to gauge the company's health.

Under the terms of the loan guarantee agreement, 38 Studios promised to bring a total of 450 jobs to Rhode Island over three years. An outside monitor was to follow the company's progress.

The company released its much-anticipated first game, "Kingdoms of Amalur: Reckoning," to strong reviews in February.

Chafee and others criticized the loan guarantee at the time it was offered, saying it was putting taxpayer money at risk to help a company with no track record of success. During his run for governor, Chafee called it "one of the biggest risks I've ever seen."

Economic Development Corp. executive director Keith Stokes said at the time the board determined the loan agreement was a calculated risk well worth taking. Stokes said the board performed months of due diligence in analyzing the video game sector and 38 Studios and crafted a loan guarantee agreement that included strict performance benchmarks.

He said the agreement went "to great lengths to safeguard taxpayers and ensure economic performance."

Quotes, notes and stars: Red Sox lose, but 'celebrate anyway'

Quotes, notes and stars: Red Sox lose, but 'celebrate anyway'

NEW YORK - Quotes, notes and stars from the Red Sox' 5-3 loss in New York.

 

QUOTES:

"I feel pretty good. Let's put it this way: Where we are now, I wouldn't want to play us going into the playoffs." - Red Sox principal owner John Henry

"I wanted to celebrate on that field so bad, but it is what it is. We end up being the first place team in the American League, and we're going to celebrate anyway." - David Ortiz, after the Red Sox lose on a walkoff, but clinch the division anyway.

“I’ll still be trying to hit the next four games, but if it just happens to be my last one (homer of his career), it’ll be pretty special." - Mark Teixeira, who's retiring Sunday and hit the walk-off grand slam.

 

NOTES:

* Joe Kelly became the first Red Sox pitcher to allow a walkoff grand slam since Julian Tavarez in 2006.

* Craig Kimbrel failed to record an out -- in 28 pitches -- marking the third time in 410 career appearances that that happened.

* Koji Uehara posted his 14th straight scoreless appearance.

* Brad Ziegler hasn't allowed an earned run in his last 19 appearances.

* Dustin Pedroia has scored five runs and knocked in seven in his last five games.

* Mookie Betts posted his major league-leading 66th multi-hit game.

* Clay Buchholz has a 2.63 ERA in his last seven starts.

* The one hit allowed by Buchholz marks the fewest hits allowed by him in a non-injury-shortened game since his no-hitter in 2007.

* The win marked only the second time the Red Sox have clinched the A.L. East away from home. The other time was in Cleveland in 1998.

 

STARS:

1) Mark Teixeira

The first baseman is going out in style. In the final week of his career, he hit his second game-winning homer of the week, with Wednesday's being a walk-off grand slam.

2) Clay Buchholz

Buchholz was brilliant, allowing three baserunners -- an infield hit and two walks -- in six shutout innings.

3) Mookie Betts

Betts delivered what appeared to be the game's biggest blow -- a two-run chopped double in the eighth to break open a scoreless tie.