May 17, 2012, 8:15 PM EDT
Remember how we heard earlier this week that Curt Schilling’s video game company, 38 Studios, was going through some rough times? Well, things are looking even more dire now.
According to Erika Niedowski and Laura Crimaldi of the Associated Press, 38 Studios tried to pass off a bad $1.1 million check to Rhode Island as payment on a loan. Yikes.
38 Studios was originally based in Massachusetts, but Rhode Island lured the company in 2010 with a $75 million loan guarantee that they hoped would bring new jobs to the state. Things haven’t exactly worked out as planned. Schilling’s company couldn’t make the $1.1 million payment on May 1 as expected and after the check was finally hand-delivered to the state’s Economic Development Corp. earlier this evening, a company official told the agency that there were insufficient funds to cover the owed amount.
38 Studios asked for additional state assistance yesterday and it appears that if they can’t get a loan from someone, they could go belly-up pretty soon.
- Rockies place Troy Tulowitzki on the disabled list 17
- Rob Manfred “heavily favored” to be Bud Selig’s replacement 25
- Yankees acquire Chase Headley from Padres 105
- And That Happened: Monday’s scores and highlights 39
- Cliff Lee struggles in first start back from disabled list 15
- On the 10th anniversary of his MLB debut, let’s appreciate David Wright 29
- And That Happened: Sunday’s scores and highlights 36
- Odrisamer Despaigne loses his no-hitter with two outs in the eighth inning 8