Massachusetts Fighting to Keep Schilling’s 38 Studios

July 15, 2010 -

While Rhode Island may be trying to entice Curt Schilling’s 38 Studios to move south with a proposed $75 million dollar loan, Massachusetts, current home to the development studio, is not taking the attempted poaching without a fight.

A Boston.com story (thanks IndustryGamers) features quotes from Kofi Jones, a spokesperson for Massachusetts’s Secretary of Housing and Economic Development Gregory Bialecki, who stated, “We have been proactive in working with them and asking them what their needs are, as far as staying here and growing here in the state.”

Schilling has long been pushing his home state to pass incentives for interactive developers, yet none have been forthcoming. The lack of inroads perhaps forced Schilling’s hand, as a representative of Rhode Island indicated that the Ocean State did not approach 38 Studios, rather “They came to us.”

38 Studios may also not be eligible for all $75 million of the proposed loan, as that figure would take up most of the program’s entire budget. Boston.com detailed the “what” and “how” of Rhode Island’s program:

The Rhode Island Legislature enacted a program last month that provides $125 million in loan guarantees for high-tech companies. Commercial banks would serve as the lenders, but the state would guarantee repayment, making it easier for small technology companies to obtain such loans.

Jones also stated that staying in Massachusetts would provide 38 Studios with “better access to gaming talent,” but a story on 38 Studios in the Providence Journal suggests that the studio has already assembled a burgeoning talent pipeline with the Rhode Island School of Design (RISD).


Comments

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Re: Massachusetts Fighting to Keep Schilling’s 38 Studios

Re: Massachusetts Fighting to Keep Schilling’s 38 Studios

This sounds exactly like a MLB player trying to negotiate a better contract by inciting trade/free agency rumors. Well played Schilling, if it works...

 
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Sora-ChanI realize that they have ways getting around it, but one reason might be due to earthquakes.04/17/2014 - 4:42am
Matthew WilsonSF is a tech/ economic/ trade center it should be mostly tail building. this whole problem is because of the lack of tail buildings. How would having tail apartment buildings destroy SF? having tail buildings has not runed other cities around the US/world04/16/2014 - 10:51pm
Matthew WilsonAgain the issue is you can not build upwards anywhere in SF at the moment, and no you would not. You would bring prices to where they should have been before the market distortion. those prices are not economic or socially healthy.04/16/2014 - 10:46pm
ZippyDSMleeYou still wind up pushing people out of the non high rise aeras but tis least damage you can do all things considered.04/16/2014 - 10:26pm
ZippyDSMleeANd by mindlessly building upward you make it like every place else hurting property prices,ect,ect. You'll have to slowly segment the region into aeras where you will never build upward then alow some aeras to build upward.04/16/2014 - 10:25pm
Matthew WilsonSF have to build upwards they have natural growth limits. they can not grow outwards. ps growing outwards is terable just look at Orlando or Austin for that.04/16/2014 - 4:15pm
ZippyDSMleeIf they built upward then it would becoem like every other place making it worthless, if they don't build upward they will price people out making it worthless, what they need to do is a mix of things not just one exstreme or another.04/16/2014 - 4:00pm
Matthew Wilsonyou know the problem in SF was not the free market going wrong right? it was government distortion. by not allowing tall buildings to be build they limited supply. that is not free market.04/16/2014 - 3:48pm
ZippyDSMleeOh gaaa the free market is a lie as its currently leading them to no one living there becuse they can not afford it makign it worthless.04/16/2014 - 3:24pm
Matthew WilsonIf you have not read http://arstechnica.com/gaming/2014/04/introducing-steam-gauge-ars-reveals-steams-most-popular-games/ you should. It is a bit stats heavy, but worth the read.04/16/2014 - 2:04pm
Matthew Wilsonthe issue is when is doesn't work it can screw over millions in new york city's case. more often than not it is better to let the free market run its course without market distortion.04/16/2014 - 9:36am
NeenekoTrue, and overdone stagnation is a problem. It is a tricky balance. It does not help that when it does work, no one notices. Most people here have benifited from rent controls and not even realized it.04/16/2014 - 9:23am
ZippyDSMleehttp://www.afterdawn.com/news/article.cfm/2014/04/15/riaa_files_civil_suit_against_megaupload04/16/2014 - 8:48am
ZippyDSMleeEither way you get stagnation as people can not afford the prices they set.04/16/2014 - 8:47am
Neenekowell, specifically it helps people already living there and hurts people who want to live there instead. As for 'way more hurt', majorities generally need less legal protection. yes it hurt more people then it helped, it was written for a minority04/16/2014 - 8:30am
MaskedPixelantehttp://torrentfreak.com/square-enix-drm-boosts-profits-and-its-here-to-stay-140415/ Square proves how incredibly out of touch they are by saying that DRM is the way of the future, and is here to stay.04/16/2014 - 8:29am
james_fudgeUnwinnable Weekly Telethon playing Metal Gear http://www.twitch.tv/rainydayletsplay04/16/2014 - 8:06am
ConsterTo be fair, there's so little left of the middle class that those numbers are skewing.04/16/2014 - 7:42am
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SeanBJust goes to show what I have said for years. Your ability to have sex does not qualify you for parenthood.04/15/2014 - 9:21pm
 

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