EG Rep. Watson Vindicated For Lone No Vote On 38 Studios Deal
The Republican was the only state legislator to vote against the deal to give Curt Schilling's now-faltering video game company a $75 million guaranteed loan in 2010.
East Greenwich state representative Bob Watson, who's had nothing but bad press in recent months, suddenly looks like the smartest guy in the room, having cast the only "no" vote in 2010 on the deal to give Curt Schillings' 38 Studios video game company at $75 million guaranteed loan. The company missed a $1 million loan payment earlier this month. The issue has claimed one political victim so far — Economic Development Commission head Keith Stokes resigned on Wednesday. Watson, a guest on NPRI's Political Roundtable Friday morning, recalled saying the deal was "too loose, too fast, and a scandal waiting to happen." He continued, "Back on April 13, 2010, I warned our house colleagues that thier vote that day could set in motion things …
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9:30 pm on Saturday, May 19, 2012
Backing a Gaming company with 75 mil seems just about the riskiest thing going. One thing to provide tax credits or loans to something like a manufacturing company. But we're talking about an "entertainment" company. That's like backing Disney's "John Carter"! more ›