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: GamePolitics.com

New RI Governor Vows to Keep an Eye on 38 Studios

By pete_gallagher

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Curt Schilling's 38 Studios has received an initial payment of $13 million from the Rhode Island Economic Development Corporation (EDC) as part of a $75 million bond deal put together to lure the developer from Massachusetts to the Ocean State.

38 Studios is slated to receive approximately $51 million in all, with $20 million held in reserve in order to guarantee three years worth of repayments on the debt. Schilling's firm will receive the rest of the money over the next 15 months as it meets certain milestones.
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Full post as published by GamePolitics.com on November 09, 2010 (boomark / email).

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