EDC metrics needed now more than ever
One of the most important goals that former R.I. Economic Development Corporation Executive Director Keith W. Stokes set when he took the job in...
Monitoring upgrades at EDC shelved
Just as the collapse of 38 Studios LLC illustrated the importance of keeping close tabs on taxpayer-backed loans, the bankruptcy also marked the demise...
BankRI parent sets aside $4.2M for losses tied to 38 Studios
BROOKLINE, Mass. – Brookline Bancorp Inc., the parent company of Bank Rhode Island announced on Thursday it has set aside $4.2 million to cover...
Schilling-bond refunding hastened by lowest yields
NEW YORK - The lowest municipal yields in a generation may help Rhode Island cut the cost of repaying $75 million it borrowed to...
EDC makes payments on loan guarantee for Capco Steel
PROVIDENCE – Another loan guarantee approved by the R.I. Economic Development Corporation in 2010 has turned into a financial liability for the state.
Capco Steel...
38 Studios tells court it missed sales goal
WILMINGTON, Del. – In a reversal of public statements made in the wake of the revelations of its financial difficulties, executives of 38 Studios...
38 Studios starts liquidation
PROVIDENCE – Former Red Sox pitcher Curt Schilling’s defunct videogame company 38 Studios LLC begins liquidation Tuesday, news sources report.
The bankruptcy court hearing,...
Missed opportunity on credits
Cornish Associates President and CEO Arnold “Buff” Chase said his company has five historic Providence buildings lined up to buy and restore once Rhode...
EDC hires firm to investigate parties in 38 Studios deal
PROVIDENCE – The R.I. Economic Development Corporation has hired Providence law firm Wistow & Barylick to pursue legal action against “third parties” connected with...
38 Studios fallout needs to be countered
Compiling the list of those hurt by the implosion of 38 Studios LLC is easy.
Of course, the taxpayers of Rhode Island and the...
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