Schilling Loan Shaved

September 8, 2010 -

Curt Schilling’s 38 Studios will have to make do with just a $51 million loan from Rhode Island’s Economic Development Corporation (EDC), as around one-third of the original loan amount of $75 million will be held aside for three years worth of repayments on the debt.

WPRI.com reported the news, citing a fact sheet issued by the EDC. After issuing the document, an EDC spokesperson indicated that the organization would no longer speak to reporters about the deal until it was finally closed.

While there was no mention of whether or not 38 Studios might eventually receive the $20 million or so being held aside, it was reported that, if approved, the deal would see 38 Studios receive $13 million right away, with another $38 million dispersed over the next 15 months, providing Schilling’s company meets certain goals and criteria.

Another “success fee” of between $15.3 and $18.8 million could be earned by 38 Studios, though no mention of terms and/or conditions were on the EDC fact sheet.

38 Studios also has until November 30th to find its new home, after which it must sign an enforceable 10-year lease.

The EDC loan helped lure Schilling and 38 Studios from their current Massachusetts home to neighboring Rhode Island and raised the ire of just about every politician in the Ocean State.


 
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IronPatriotDocMelon, prove your claim that TotalLyingBiscuit did not make up the anti-Sarkeesian lies he told to proven harassers in Gamergate. Prove it.08/03/2015 - 10:19pm
DocMelonheadOnce you watch this in full, then you realize why Gamergate is a thing.08/03/2015 - 10:10pm
DocMelonheadSo once again, I invite you to watch this video to see what I mean: https://www.youtube.com/watch?v=6y8XgGhXkTQ&list=PLJA_jUddXvY62dhVThbeegLPpvQlR4CjF08/03/2015 - 10:09pm
benohawkThe simplest way is to look at what he's said in total, as mentioned before, he's come out against harassment, and that his past behavior suggests that he's very much in it for Ethics and not to try and drive women out of the industry08/03/2015 - 10:03pm
DocMelonheadBecause that is the exact same nutpicking that made GamerGate infamous in the first place.08/03/2015 - 10:02pm
DocMelonheadAnd even if they didn't spread misinformation on Feminist, there's someone out there that does. So with that in mind, it's best to educate people on feminism and critical thinking instead on relying on blog posts and storify on such things.08/03/2015 - 10:01pm
DocMelonheadHell, the same could be said about MundaneMatt, ThunderFoot, or IA/MM/Jim: they're all Angry Jack because of fucking denial. I get that you Despise them for what they did to Anita Sarkeesian, but Calling them demons isn't going to solve anything.08/03/2015 - 9:58pm
DocMelonheadTotal Biscuit is more like Angry Jack than a complete bigot. What he did is bad, but he's beyond someone that constantly harass others.08/03/2015 - 9:55pm
DocMelonheadA moron, not a bigot, a moron in regards to women studies. That is why he brought on to the whole SJW BS; haven't you watch the entire Angry Jack series yet?08/03/2015 - 9:53pm
IronPatriotIf you can't prove that TotalLYINGSACKOFbiscuit was only parroting lies against victims of Gamergate harassment, then what do you think of him?08/03/2015 - 9:46pm
IronPatriotSo prove that TotalLYINGSACKOFbiscuit was not also making up lies, since you stated that as a fact.08/03/2015 - 9:45pm
IronPatriotIt's would only be bad if TotalLYINGSACKOFBiscuit was making up lies?08/03/2015 - 9:44pm
DocMelonheadAlso yes, because he DIDN'T make them up: in fact, that more or less make him a moron that fell for their guise than a bigot that actively harass minorities online.08/03/2015 - 9:43pm
IronPatriotSo it's better to 'parrot" lies about victims of harassment?08/03/2015 - 9:43pm
DocMelonheadIP: 4chan no longer support GamerGate, they outright banned it. Besides, Total Biscuit parroted said lies, not making them up.08/03/2015 - 9:40pm
IronPatriotSo supporting a 4chan cult of harrassment by spreading LIES about thier victims makes him a "good" person? LOL08/03/2015 - 9:36pm
IronPatriotLOL! DocMelon admits that TotalLYINGBiscuit , "spread misinformation about the victims of Gamergate Harassment: And that's bad. But It's not worth calling him out as a horrible person because of those lies that he helps spread." LOL!08/03/2015 - 9:35pm
MattsworknameFrom rares golden days they come, thse clasics of old. Plus, the battletoads arcade game08/03/2015 - 8:30pm
Andrew EisenI am a big Rare fan though. Many of its games are some of my absolute favorites.08/03/2015 - 8:09pm
MattsworknameAndrew: Thats fair enough, most of the games on it are games i've not played in long times, and some are games I never heard of , so I want it, but, in some cases, its may not appeal, and I can understand that08/03/2015 - 7:56pm
 

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