Schilling's company failed to make payment to RI
PROVIDENCE, R.I. (AP) -- Gov. Lincoln Chafee says Rhode Island is working to help former Red Sox pitcher Curt Schilling's video game company remain viable after it failed to make a scheduled $1.125 million payment to the state's economic development agency.
Chafee says Tuesday that the state must do "everything possible" to assist 38 Studios and prevent the state from having to pay the company's debts.
The payment to the Economic Development Corp. was due May 1.
38 Studios was lured from Massachusetts in 2010 after Rhode Island offered a $75 million loan guarantee that state officials said would help bring jobs and tax revenue.
The Economic Development Corp., whose board approved the agreement, has called a meeting Wednesday to address the situation.
A company representative did not immediately return messages seeking comment.