Fox didn’t know Schilling would get $75M; key meeting in April
June 29th, 2012 at 5:38 pm by Ted Nesi under Nesi's Notes
By Ted Nesi and Tim White
PROVIDENCE, R.I. (WPRI) – House Speaker Gordon Fox on Friday denied that he pushed lawmakers to create a new $125 million loan program in 2010 knowing the R.I. Economic Development Corporation planned to pledge $75 million of the money to Curt Schilling’s 38 Studios.
In his first extended broadcast interview since 38 Studios’ demise, Fox told WPRI 12 about an April meeting where Schilling and Tom Zaccagnino, a 38 Studios board member, asked Gov. Lincoln Chafee to sign two consent agreements, one allowing the company to get tax credits and another to provide bridge financing.
Fox didn’t rule out the possibility that Rhode Island will opt to default on the $75 million moral-obligation bonds the EDC issued for 38 Studios, which are not legal obligations of the state and could require lawmakers to appropriate more than $12 million a year for bondholders through 2020.
Tags: 38 studios, curt schilling, donald carcieri, edc, gordon fox, job creation guaranty program, keith stokes, lincoln chafee, riedc
Nesi's Notes covers politics and the economy in and around Rhode Island for WPRI.com. (Twitter: 
Yeah, right Gordon fox and his family are criminals. His sister was arrested for being involved in counterfit money. Gordon himself was brought up on an ethics charges where he paid a $10K fine but got to keep free and clear $365K from and unethical deal. This is your government at work.