The lights are on
While Governor Lincoln Chafee is currently planning to fulfill the obligations of the state's $75 million loan to 38 Studios, there is a chance that Rhode Island might abandon its obligations. The consideration is a balance between fiduciary and civic responsibilities.
Rhode Island officials have asserted that the state is not obligated to repay bond holders, but abandoning the debt might have repercussions for future attempts to secure funding. Repaying the debt puts a burden on the taxpayers that should have belonged to former Red Sox pitcher Curt Schilling and the studio he founded.
Rhode Island is currently pursuing action against Schilling and others to reclaim as much of the $75 million (plus interest) as it is able. The state is also in the final stages of selling off the Amalur property, stating that there has been interest.
[Source: The Providence Journal via Gamespot]
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More people get screwed. Way to go Curt. Way to go.
Orly? Have fun with that RI.
Too bad, one guys' bad luck bringing down the whole state.
The state should have doen more vetting of the company and should only given money for actual results. This was a bad de from the start yet the tax payers foot the bill.
For such an average game, the legal proceedings have been more entertaining than my time in Amalur.
My god this story has gotten confusing..
really hope someone picks this game up i'd love to see a sequel