Closing date for Schilling deal with RI postponed

September 16, 2010

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PROVIDENCE, R.I.—The closing date on a $75 million Rhode Island loan guarantee to Curt Schilling's video game development company has been pushed back until October.

The state is offering the loan guarantee to the former Red Sox pitcher's game company, 38 Studios, to relocate it from Maynard, Mass., to Rhode Island. The company says it will bring about 450 jobs to the state by the end of 2012.

The deal, which has been slammed by political candidates and others who fear it puts taxpayer dollars at risk, was expected to close sometime this month. But Robert Stolzman, a lawyer for the state Economic Development Corporation, said Thursday the deal won't close until October.

Stolzman says the deal involves lots of details, and there's no one reason or problem that has pushed back the closing date.

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