Chafee on 38 Studios

And the shift from campaigning to governance begins. From the Chafee camp:

I have been informed that the Rhode Island Economic Development Corporation (RIEDC) has closed its financing package with 38 Studios.

I would have preferred that the EDC honor my request to defer the closing so that I would have had a chance to formally contribute to the process. Now that it has closed, I will do everything in my power to protect the interests of the taxpayers of our state.

Having closed the financing package, it may be that we have no choice but to proceed. I will continue to carefully monitor further steps taken by the EDC. It is my intent to ensure that the state fulfills any and all of the commitments made by the EDC. I will, however, ensure that 38 Studios fully and completely comply with each and every commitment that it has made to the taxpayers of Rhode Island.

Too often in the past we have failed to monitor economic development deals to ensure that commitments be kept. That will not be the case here. We wish 38 Studios the greatest success, while vigilantly protecting taxpayer interests.

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