Rhode Island weighs 38 Studios bond default risk
Rhode Island lawmakers plan a second look at the effects of defaulting on more than 100 million owed for the 38 Studios deal. House Finance Committee invited Matt Fabian to discuss pros and cons of not paying, as some lawmakers proposed using bond insurance to cover bondholders.
MENTIONED IN THIS ARTICLE
Providence
Rhode Island
Red Sox
Curt Schilling
House Finance Committee
Matt Fabian
38 Studios
Fabian
Larry Berman
Gordon D. Fox
Former EDC officials seek immunity from lawsuit
Providence Rhode Island. Former Economic Development Corp executives Keith W Stokes and Michael Saul seek public duty immunity over a 75 million loan to Curt Schilling's game venture. Their lawyers argue they followed orders as public officials, an unprecedented expansion of the doctrine. Budget talks include a 2.5 million bond payment next year and 12.5 million annually thereafter, drawing GOP and independent calls to default or block payments. The case centers on the EDC loan guarantee and questions of accountability for former officials and executives involved.
MENTIONED IN THIS ARTICLE
Providence
Rhode Island
Economic Development Agency
Curt Schilling
Newport confronts school budget over potential deficit
Newport City Council confronts the Newport School Committee over possible state law violations tied to the 2012 13 budget. Councilman Farley demands extensive documentation on expenditures deemed in excess of the budget including $754 476 more for outside tuition and bus monitors than planned.
MENTIONED IN THIS ARTICLE
Newport City Council
Newport School Committee
Michael Farley
John H. Ambrogi Farley
Ambrogi
Rhode Island
Farley
Charles P. Shoemaker
John Ambrogi
Shoemaker
Neil Galvin
Galvin
Bradley Hospital
Paul W. Crowley
East Bay Met
Offshore wind leases to be auctioned off Rhode Island coast
The U S Interior Department will auction two offshore wind leases on July 31 off Rhode Island and Massachusetts, marking the first competitive offshore wind lease sale on the outer continental shelf. The north lease covers about 150 sq miles and the south a little over 100 sq miles between Block Island and Martha’s Vineyard.
MENTIONED IN THIS ARTICLE
Providence
Rhode Island
Massachusetts
U.S. Department of Interior
Block Island
Martha’s Vineyard
Secretary of the Interior
Sally Jewell
Department of Interior
Bureau of Ocean Energy Management
Virginia
Department of Energy
Also Mentioned on This Page
Dave Hansen
Ifeguards
Sachuest
Middletown
Assembly
EDC
General Assembly
House
Karen
Newport
Newport Gulls
Sean Hartnett
Washington State University
Cardines Field
Gulls
New Bedford Sports
SRO
eRe
Pena
le Ols
The
Seamen's Church Institute
Sakonnet Toll Lawsuit
Cat
U.S
Nancy Sopko
Ocean
United States
Cape
Ini
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