Updated October 23 at 6:27am
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(Updated 5:18 p.m.) Officials said there will be no criminal charges filed as a result of an investigation into 38 Studios LLC. A press conference was held Friday afternoon at state police headquarters to report findings of the criminal investigation into the failed video game venture by former Boston Red Sox pitcher Curt Schilling that left taxpayers on the hook for a $75 million loan guarantee. more
A R.I. Superior Court judge this week decided to postpone the civil suit regarding 38 Studios LLC, as several pretrial motions are still pending. more
Pending Gov. Gina M. Raimondo’s signature, Rhode Island will establish a new advisory council to oversee local pension plans, which together are underfunded by more than $2 billion. more
(Updated 2:12 p.m.) A request for proposals is being sought for a study of McCoy Stadium and the surrounding area by the Pawtucket Red Sox and city and state officials. more
Despite a renewed call to stop repayment of state moral obligation bonds issued for the now-bankrupt 38 Studios LLC, Fitch Ratings Inc. expects payments will continue and has reaffirmed an AA rating with a stable outlook for the state’s general obligation bonds and consolidated capital development loans. more
R.I. Taxpayers is no longer. The association, which said it advocated for “honest, effective and fiscally sound government on behalf of individual and business taxpayers” and published a newsletter called Taxpayer Times five days a week, stopped operations on Thursday. more
(Updated, 5:12 p.m.) The Securities and Exchange Commission on Monday filed charges against the R.I. Economic Development Corp. and its bond underwriter Wells Fargo Securities, alleging fraud that stems from a 2010 municipal bond offering to finance the now-defunct video game company 38 Studios LLC. more
Those awaiting the start of the civil suit regarding 38 Studios LLC will have to hold out at least a couple weeks longer, as the start date has been pushed back. more
Nearly 500 attendees at the Northern Rhode Island Chamber of Commerce annual dinner received both a quick pep talk from Gov. Gina M. Raimondo and assurances from Pawtucket Red Sox Chairman Larry Lucchino that the team was re-committing itself to minor league baseball in Pawtucket. more
Amid concerns of sliding attendance caused partly by last year’s failed attempt to build a new baseball stadium in Providence, Pawsox owners are trying to make amends with fans and the team’s hometown of Pawtucket. more
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