Carcieri Accuses Caprio of Meddling in Curt Schilling Deal
Tuesday, August 31, 2010
Gov. Don Carcieri is accusing Frank Caprio of political posturing and interfering with the state’s deal with Curt Schilling’s video game company, after Caprio said he was trying to block the deal.
“Businesses and the bond market should not be subject to political posturing,” Carcieri said, also taking issue with Lincoln Chafee’s opposition. “The attitudes and positions taken by Mr. Caprio and Mr. Chafee serve only to undermine the positive economic development steps the state has taken in recent years.”
Carcieri noted that the law which made the $75 million loan guarantee possible was unanimously approved by the Senate and passed the House on a vote of 66 to 1. He said the Rhode Island Economic Development Corporation voted unanimously to strike the deal with Schilling after “months of due diligence.”
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLAST“It is a gross overstatement to imply that the Job Creation Guaranty Act reflects poorly on the state’s financial management or could have an adverse impact on the state’s bond rating,” Carcieri said. “The fact is that a loan guarantee bond of this size or type has no impact on the state’s general obligation or its bond rating.”
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