slides: Who Fought Against the 38 Studios Deal?
Monday, May 21, 2012
GoLocal unveils those who raised the RED FLAGS - they range from former legislative leaders to business experts to mayoral candidates.
Prov Mayoral Candidate
When running for Mayor, Angel Taveras raised questions about the deal.
“If he wants more than $75 million in loan guarantees then we’re in big, big trouble. I think it was a bad deal,” said Taveras. “I’m a big Red Sox fan, but I’m not that big a Red Sox fan.”
His remarks were made at the Providence Mayoral Debate - September 2, 2010.
Candidate for Congress
“I am dismayed by the Curt Schilling deal. I believe that that $75 million could have helped more businesses,” Gemma said during a press conference in which he discussed his plans for Social Security. “Every politician comes up to the microphone and talks about small business as the backbone of our state and yet they have helped another possible big business at the risk of taxpayers.”
- July 29, 2010, Anthony Gemma, then a candidate for the Democratic nomination for Congress in the First District.
Former Legislative Leader
Former state Senator Paul Moura told GoLocalProv on September 3, 2010 that the state's deal with Curt Schilling's video game company, 38 Studios, should be delayed until a new governor is elected. Moura said it was important to be both aggressive and cautious on such deals.
"The 38 Studios decision is a mistake," Ken Block said. "This is typical recycled politician thinking focused on short term planning, and it doesn't work. You can't fix the economy with silver-bullet solutions. $75 million could go a long way to help many small businesses here in Rhode Island, and we can't afford to set aside such a large sum of money for specific inducements to special companies. Instead of putting our eggs all in one basket, our priorities should be on real, long-term solutions."
Comments were made in July of 2010.
GOP Legislative Leader
Then-House Minority Leader Bob Watson voted against the initial legislation creating the $125M loan guarantee fund. That fund provided the $75M for 38 Studios.
Later, Watson ran into a series of problems relating to drug and DUI charges and his fellow Republicans stripped him of his leadership position
Then a candidate for General Treasurer, Gina Raimondo called the 38 Studios deal too risky.
"Truly, this is a gamble," she told Providence Journal columnist Ed Fitzpatrick. "This company hasn't launched a game yet. It's pre-revenue; they haven't made one penny. This could very easily be out of business in a year or two."
- NEW: Preview to 38 Studios $50 Million Game Released
- 38 Studios Debacle - A Timeline
- NEW: Schilling’s 38 Studios Makes $1.125 Million Payment to EDC
- NEW: Schilling’s 38 Studios to Owe $395,000 Tax Bill in Providence
- 11 to Watch in 2011: Curt Schilling
- 38 Studios Relocates Ahead of Schedule
- Bonds Sold for 38 Studios Deal
- Don Roach: 38 Studios Was Never a Good Investment
- Few Lawmakers Voted Against Deal that Paved Way for 38 Studios
- Is Curt Schilling’s 38 Studios Going Broke?
- Should EDC Give Curt Schilling a New Deal?
- NEW: Curt Schilling’s Video Game Debuts to Mixed Reviews
- Candidates Shocked Schilling Could Get Tax Credit Too
- Caprio Throws Curveball at Schilling Deal
- Caprio Changes Position, Supports Schilling Deal
- Candidates Balk at $75 Million for Curt Schilling
- Chafee Renews Push for Redoing Schilling Deal
- Carcieri Accuses Caprio of Meddling in Curt Schilling Deal
- EDC Director: $75M Schilling Deal Was ‘Misunderstood’
- Former State Senator Moura Says Schilling Deal Should Be Delayed
- Gemma Criticizes Schilling Deal
- Mayoral Candidates Debate Curt Schilling Deal
- Chafee Urges End to Deal with Curt Schilling’s Company
- Schilling Deal Could Threaten RI Film and TV Industry
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