.
News Alert
Police Seek ID on Man who Lifted Liquor from…

[POLL] Should Former Gov. Carcieri Apologize For 38 Studios Fiasco?

During his first interview about the video-game company since it closed, the former EG resident and two-term governor takes responsibility for the original deal but says the state should have done more to save the company.

Former Gov. Donald Carcieri stopped short of apologizing for helping orchestrate the deal that gave 38 Studios a $75 million guaranteed loan to move to Rhode Island, but he did take some responsibility Thursday in his first interview on the subject.

"I will take responsibility for approving the deal," Carcieri said in an interview Thursday with WPRI's Tim White.

The video game company owned by legendary ex-ballplayer Curt Schilling closed in May, leaving the state on the hook for $102 million in bond payments. Until now, Carcieri had remained silent on the 38 Studios deal that passed the General Assembly in 2010 on the promise of hundreds of jobs.

Carcieri did tell White he wondered if the company would have remained viable if the state had put in more money.

"More could have been done to save the company," he said. He also suggested the state consider defaulting on the loan, something Gov. Lincoln Chafee said Friday he would not do, according to the Providence Journal.

What do you think? Should Carcieri have apologized? Should the state have done more? Vote in our poll and leave a comment.

Mike White September 15, 2012 at 12:45 PM
Apologize lol why does he care or any of the other "political" cronies? Fox was a BIG part of this if we the people are smart come November we would vote him OUT clean the state house with a good bleach!!! Please the X governor lives well while many struggle because of the "politicians" ruining the USA starting with the White House down to the school committee people...
Rtc September 15, 2012 at 02:55 PM
He was the CEO of Oster Co. that went belly -up also. He is supposed to be the expert in the buisness sector??????? "Dapper-Don" , Fox & Weed all managed to have a hand in this mess,along with many others- How much money changed hands in this deal??? Taxpayers got it again. Who keeps voting these clowns in?
Joe Richer September 15, 2012 at 05:12 PM
Indeed, many people owe us an apology in this matter from both sides of the aisle. Government should not be picking and choosing winners and losers but rather creating an environment where ALL businesses can flourish.
John E. Lanni, Jr. September 15, 2012 at 10:07 PM
Well said Joe.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »