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RI Gov. Says Schilling Company’s Woes A “Tragedy” For State

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Curt Schilling. (Photo by Taylor Hill/Getty Images)

Curt Schilling. (Photo by Taylor Hill/Getty Images)

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PROVIDENCE, R.I. (CBS/AP) — Rhode Island Gov. Lincoln Chafee says the troubles facing Curt Schilling’s video game company represent a “tragedy” for the state.

Chafee briefed reporters Wednesday on efforts to help 38 Studios survive and prevent the state from having to pay its debts.

Chafee says he’s frustrated by the company’s failure to provide information on its finances. He says he knows the company has laid off employees.

It also appears that two of the company’s executives have now left. CEO Jen MacLean and Senior Vice President of Development John Blakely have updated their LinkedIn profiles to indicate they are no longer working at 38 Studios. The moves were first reported by WPRI-TV.

Still, Chafee says he’s determined to try to help Schilling’s company despite what he says are “terrible” indications about its health.

38 Studios was lured to Rhode Island from Massachusetts in 2010 after receiving a $75 million loan guarantee from the state.

The company was late on a $1.1 million payment to the Economic Development Corp.

Calls to Schilling were not immediately returned.

(TM and © Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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