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(The Week)   How former Boston Red Sox pitcher Curt Schilling helped push Rhode Island into a budget crisis   (theweek.com ) divider line
    More: Fail, Curt Schilling, Red Sox, Rhode Island, multiplayer online, J.C. Penney  
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2416 clicks; posted to Business » on 04 Jun 2012 at 1:14 PM (4 years ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-04 01:24:10 PM  
This man needs a tax cut.
 
2012-06-04 01:28:20 PM  

Incog_Neeto: This man needs a tax cut.


No, he needs retrorockets that will actually fire. And a drink.
 
2012-06-04 01:29:33 PM  

Incog_Neeto: This man needs a tax cut.


he's been asking for one since the day he retired

/probably
//he did come to Philly to promote setting up his game company a while back and did make some pretty outrageous demands
 
2012-06-04 01:34:17 PM  
Fark this hypocritical right wing fascist.
 
2012-06-04 01:37:24 PM  
Actually, Rhode Island was already in a budget crisis. The 38 Studios abortion just made it worse.

/Rhode Islander
 
2012-06-04 01:40:57 PM  
I bought the game they released, do I get some kind of vacation voucher from RI?
 
2012-06-04 01:47:09 PM  
In a bid to attract tech companies to the state, Rhode Island approved $75 million in loan guarantees in 2010 to Schilling's company 38 Studios.

That's big government picking winners and losers in the economy. Ol' Curt Socialism.
 
2012-06-04 01:48:11 PM  
I've seen Rhode Island. They've got plenty of rich folks living there, so fark 'em. They can deal with a bad business decision. I still don't know what kind of idiot gives a baseball player 75 million to make video games. For that kind of money, I would have expected a lot more oversight with regards to the burn rate and schedule for getting games to market.
 
2012-06-04 02:00:02 PM  

NewWorldDan: I still don't know what kind of idiot gives a baseball player 75 million to make video games.


Bingo. Shilling's a bad guy because someone offered to write him a check (not really but you get the point) and he said "Okay"? RI BEGGED 38S to take their money. That's what you get when you make a VERY risky investment. AND, it's not like Shilling is walking away with a carpetbag full of tax many.
 
2012-06-04 02:02:40 PM  
Thought he was a douche when he started spewing politics and I lmao when he started 38 studios.

His game sucks.
 
2012-06-04 02:06:03 PM  

HotWingConspiracy: I bought the game they released, do I get some kind of vacation voucher from RI?


You can come crash on my couch for a weekend...
 
2012-06-04 02:09:55 PM  
NewWorldDan
I've seen Rhode Island. They've got plenty of rich folks living there, so fark 'em. They can deal with a bad business decision.


Yeah but on your way to the shoreline to see those rich folk you've gotta drive over many miles of potholes, passing mostly abandoned buildings and run down package stores, all the while dodging the worst drivers in the country, so... I forgot my point.

/There never was a point
//Like making fun of Rogue Island
\\\At least nonresidents don't have to pay sales tax on our boats
 
2012-06-04 02:10:27 PM  
Governments are constrained by their constitutions to prevent this kind of robbery. RI's says:

"All laws, therefore, should be made for the good of the whole..."

RI's law that enables the state to guarantee crony loans, therefore, doesn't pass constitutional muster.

/nobody cares
 
2012-06-04 02:12:01 PM  

obzerver: Thought he was a douche when he started spewing politics and I lmao when he started 38 studios.

His game sucks.


It was a let down. Had a solid enough story, but the game itself couldn't decide what it wanted to be. I got the last section and never bothered finishing it.
 
2012-06-04 02:15:59 PM  
Shilling might be the world's largest douchebag hypocrite, but he was awesome on the mound.
 
2012-06-04 02:18:17 PM  

bottsicus: Actually, Rhode Island was already in a budget crisis. The 38 Studios abortion just made it worse.

/Rhode Islander


Exactly. RI was already mismanaged and having to deal with decades of overspending.

And this instance is more evidence of the folly of governmental guarantees/investments in speculative ventures.
 
2012-06-04 02:20:00 PM  

Rent Party: Shilling might be the world's largest douchebag hypocrite, but he was awesome on the mound.


www.designofsignage.com
 
2012-06-04 02:23:34 PM  
Oh, look. Short-sighted and arrogant fiscal conservative policy further enriched an existing member of the upper class while leaving hundreds of thousands of taxpayers holding the bag for tens of millions of dollars.

Must be a day that ends in 'y'.
 
2012-06-04 02:28:44 PM  
Actually, Schilling is a brilliant entrepeneur to the point that he convinced an organization to give him 75 million based on completely nothing. Either that, or the RI government is the biggest bunch of dipshiats in modern history. Possibly both. Here's his sales pitch:

Curt: "I want $75,000,000."
RI Gov't: "OK. For what?"
Curt: "To make a video game company."
RI Gov't: "OK. What's your background and experience."
Curt: "I like video games. No wait... I really, really like video games. Oh, and I'm rich and famous. So of course that speaks to my ability to develop and market video games."
RI Gov't: "Sounds good to me. So what do we get out of this?"
Curt: "I won't set up shop in Massachussetts."
RI Gov't: "Awesome. 'Scuse me while I get the checkbook."
 
2012-06-04 02:37:54 PM  
Rhode Island should build a Family Guy theme park.
 
2012-06-04 02:50:06 PM  
What Rhode Island needs now is more economic stimulus. Maybe they could pay for Solyndra could re open there.

/Rhode Island - the state that's last in size, first in corruption
//Rhode Island - thank god we're a suburb of Boston
 
2012-06-04 03:17:15 PM  

Incog_Neeto: This man needs a tax cut.


I say, he needs a bloody sock in the jaw, old chap.
 
2012-06-04 03:18:49 PM  
I'm hoping Schilling loses every damn thing he owns, all of his money, and is living on the street, eating dog turds for breakfast.
 
2012-06-04 03:25:32 PM  

beta_plus: What Rhode Island needs now is more economic stimulus. Maybe they could pay for Solyndra could re open there.


Or maybe take tons of cash for a coal, oil, or gas op. Because that's the good socialism.
 
2012-06-04 03:39:19 PM  

DrippinBalls: I'm hoping Schilling loses every damn thing he owns, all of his money, and is living on the street, eating dog turds for breakfast.


Demetrius: Rent Party: Shilling might be the world's largest douchebag hypocrite, but he was awesome on the mound.

[www.designofsignage.com image 600x600]


Agreed. And I still have his jersey and a signed ball.

I really feel bad for him and everyone else that worked at 38Studios/BHG, but spending most of your funds trying to develop an MMO, a market that is super saturated, was a really really bad idea.
 
2012-06-04 03:54:34 PM  

DrippinBalls: I'm hoping Schilling loses every damn thing he owns, all of his money, and is living on the street, eating dog turds for breakfast.


Not going to happen. He invested a LOT less than what he claimed to have invested to the industry press, and the moment the check from RI's govt was deposited he paid himself back.

He's proven very adept at taking as little a risk (personally) as possible, but marketing himself as carrying the world on his shoulders. What confuses me is that with this mentality, why did he ever choose to get into the gaming industry? Save for a few studios, it's not exactly a low-risk field.
 
2012-06-04 04:11:24 PM  

HotWingConspiracy: beta_plus: What Rhode Island needs now is more economic stimulus. Maybe they could pay for Solyndra could re open there.

Or maybe take tons of cash for a coal, oil, or gas op. Because that's the good socialism.


No. Producing things people actually want like fossil fuels and non-UAW made cars only hurts the economy.
 
2012-06-04 04:24:06 PM  
Commonwealths are for suckers.
 
2012-06-04 04:56:23 PM  

Dinobot: DrippinBalls: I'm hoping Schilling loses every damn thing he owns, all of his money, and is living on the street, eating dog turds for breakfast.

Demetrius: Rent Party: Shilling might be the world's largest douchebag hypocrite, but he was awesome on the mound.

[www.designofsignage.com image 600x600]

Agreed. And I still have his jersey and a signed ball.

I really feel bad for him and everyone else that worked at 38Studios/BHG, but spending most of your funds trying to develop an MMO, a market that is super saturated, was a really really bad idea.


yep, this was their biggest mistake, video game development is already a high-risk high-investment business and MMO's are the highest of them all
 
2012-06-04 05:00:19 PM  
The article forgot to mention technically the company founded by Curt Schilling has not made any game. Kingdom of Amalur was already being made by Big Huge Game before it was bought by Curt Schilling's 38 Studio. The game was then adapted to fit 38 Studio's MMO universe. Essentially he used the money to buy a game under development, released it, and hoping to use the proceed to further fund his MMO. It didn't do that well critically, and though the sale was decent, it was not enough for 38 Studio's day-to-day operation.
 
2012-06-04 05:04:58 PM  
What, owning a half completed MMORPG that would get killed by WoW if it ever saw the light of day isn't a boon for taxpayers of the not-so-great (in size) state of Rhode Island?
 
2012-06-04 05:07:47 PM  

Masso: The article forgot to mention technically the company founded by Curt Schilling has not made any game. Kingdom of Amalur was already being made by Big Huge Game before it was bought by Curt Schilling's 38 Studio. The game was then adapted to fit 38 Studio's MMO universe. Essentially he used the money to buy a game under development, released it, and hoping to use the proceed to further fund his MMO. It didn't do that well critically, and though the sale was decent, it was not enough for 38 Studio's day-to-day operation.


That article was pretty shiatty. The sad but true reason for this "investment" was that RI was crazy desperate for jobs, any jobs, and has been trying to advance a notion of creating a "knowledge economy," including a "knowledge district" in an effort to attract high-paying tech jobs and high quality startups and their associated financing. This is as close as they could come. Everybody knew it was risky, and it was even acknowledged as such at the time, but the excuse was "desperate times call for desperate measures."

It's also wrong to say it's created a budget crisis. The $120 million hit (which will be less in the long run) is over ten years, so it's a max of about $12 million per year, a relatively small number compared to the $8 billion budget and nearly overcome by the bonus income taxes from near back-to-back Powerball winners this year. Still, hard to swallow.
 
2012-06-04 05:18:57 PM  

Masso: The article forgot to mention technically the company founded by Curt Schilling has not made any game. Kingdom of Amalur was already being made by Big Huge Game before it was bought by Curt Schilling's 38 Studio. The game was then adapted to fit 38 Studio's MMO universe. Essentially he used the money to buy a game under development, released it, and hoping to use the proceed to further fund his MMO. It didn't do that well critically, and though the sale was decent, it was not enough for 38 Studio's day-to-day operation.


It really doesn't help that their contract with EA for KoA meant that even though they sold 1.4 million copies, they didn't see a penny for it. Talk about terrible contract negotiation! EA made out like a bandit on that one.
 
2012-06-04 05:20:15 PM  
Here's a gamasutra article on what happened. I have several friends at BHG/38S, and they all seem to love Curt and think he tried very hard to keep the business open.
 
2012-06-04 05:26:09 PM  
Oh look, it's this thread again.


/welcome to last week
 
2012-06-04 05:36:38 PM  

Mike Chewbacca: Here's a gamasutra article on what happened. I have several friends at BHG/38S, and they all seem to love Curt and think he tried very hard to keep the business open.


I found this reek of Stockholm syndrome with employees being kept in dark and just swallow anything because "he's such a nice guy, he cared about us. It's the government's fault".
 
2012-06-04 05:50:17 PM  

Masso: Mike Chewbacca: Here's a gamasutra article on what happened. I have several friends at BHG/38S, and they all seem to love Curt and think he tried very hard to keep the business open.

I found this reek of Stockholm syndrome with employees being kept in dark and just swallow anything because "he's such a nice guy, he cared about us. It's the government's fault".


I'm certain the governor DID screw them over. However, if the company had been run properly from the start, they wouldn't have been in the situation to GET screwed over. I mean, did they REALLY need to pay RA Salvatore $1.4 million?
 
2012-06-04 06:32:01 PM  

Mike Chewbacca: I mean, did they REALLY need to pay RA Salvatore $1.4 million?


Word... I still have to tolerate a dual-scimitar drow ranger every 2 years or so in my campaign because of that guy.
 
2012-06-04 06:39:08 PM  

beta_plus: No. Producing things people actually want like fossil fuels and non-UAW made cars only hurts the economy.



So people don't want solar?

And I thought picking winners and losers in the auto industry was evil state controlled communism? Make up your minds you retarded shills.
 
2012-06-04 06:39:51 PM  

beta_plus: Maybe they could pay for Solyndra could re open there.


http://thinkprogress.org/climate/2011/09/09/315754/chinese-predatory- p ricing-solar
 
2012-06-04 07:06:58 PM  
It doesn't sound like anyone forced Rhode Island to give 38 Studios the loan and it doesn't sound like anyone forced 38 Studios to take it. For all of the politics be thrown around in here it was money Rhode Island, a strongly Democrat controlled state, should never have loaned to 38 Studios. On the flip side, for all of the rhetoric Curt throws around, he never should have taken the money and was making poor business decisions since day 1.

I don't either side of this deal looking smart or victimized.
 
2012-06-04 07:17:33 PM  

DaJesus: For all of the politics be thrown around in here it was money Rhode Island, a strongly Democrat controlled state, should never have loaned to 38 Studios.



Tell me what politician gave the loan out? Democrat or Republican?
 
2012-06-04 07:58:59 PM  
 
2012-06-04 08:08:22 PM  
I lived in RI for 12 years, and their problems go a lot deeper that 38 Studios. Corruption and cronyism run rampant. Every small town has it's own school system (with requisite staff, from superintendent down). Every small town has a professional (meaning, paid) fire department. The roads are horrible. The parks are neglected. The schools, while probably average nationally, are way below the standards of the other New England states.

I'll never forget waiting in line to vote one morning in an elementary school that had maybe 8 classrooms and looked to have been built about 60 years ago, standing behind a guy in a jacket that read "Coventry Fire Department Dive Squad". Coventry is an inland town of about 10,000 with a few shallow ponds. It also has 7 fire districts/departments and 5 elementary schools. It's insane.

I was never so happy as I was when I moved to Mass and paid considerably less in taxes to have nice, clean parks, highly-rated schools, and roads you could drive on without wondering when your axle was going to snap. To be fair, my kids do have to travel more than 2 miles to get to their elementary school, and my fire department is volunteer.

You know you're doing it wrong when people flee to Massachusetts to escape your taxes.
 
2012-06-04 08:17:25 PM  
Yet another reason I'm glad I left Rhode Island. Buncha farking idiots.

/If they had proper clam cakes in Boston I'd never go down there again.
 
2012-06-04 08:31:43 PM  

intelligent comment below: Tell me what politician gave the loan out? Democrat or Republican?


Well the 2010 RI Legislature passed the bill for $125 million to be used for such loans. The RI Senate at that time was made up of 33 Democrats and 5 Republicans. The RI House at the time consisted of 69 Democrats and 6 Republicans.

It seems that the Rhode Island Economic Development Corporation was given control of the funds and they approved the loan that made up 60% of the amount that they were given.

From their website:
"The RIEDC is a quasi-public organization funded primarily through an appropriation from the Rhode Island General Assembly."

So you please tell me which side you would pin the government's failing on.
 
2012-06-04 09:14:03 PM  

DaJesus: intelligent comment below: Tell me what politician gave the loan out? Democrat or Republican?

Well the 2010 RI Legislature passed the bill for $125 million to be used for such loans. The RI Senate at that time was made up of 33 Democrats and 5 Republicans. The RI House at the time consisted of 69 Democrats and 6 Republicans.

It seems that the Rhode Island Economic Development Corporation was given control of the funds and they approved the loan that made up 60% of the amount that they were given.

From their website:
"The RIEDC is a quasi-public organization funded primarily through an appropriation from the Rhode Island General Assembly."

So you please tell me which side you would pin the government's failing on.


Exactly! When a Republican Governor pushes hard to get a huge taxpayer funded loan given to a Republican "businessman" there is no clearer indication that this is the fault of the Democrats!
 
2012-06-04 09:50:08 PM  

Thrag: When a Republican Governor pushes hard to get a huge taxpayer funded loan given to a Republican "businessman" there is no clearer indication that this is the fault of the Democrats!


And the 102 Democrats had to follow along! There was no stopping the Governor and his 11 congressmen! They were much too powerful!
 
2012-06-04 10:01:10 PM  

Jerkwater: I lived in RI for 12 years, and their problems go a lot deeper that 38 Studios. Corruption and cronyism run rampant. Every small town has it's own school system (with requisite staff, from superintendent down). Every small town has a professional (meaning, paid) fire department. The roads are horrible. The parks are neglected. The schools, while probably average nationally, are way below the standards of the other New England states.

I'll never forget waiting in line to vote one morning in an elementary school that had maybe 8 classrooms and looked to have been built about 60 years ago, standing behind a guy in a jacket that read "Coventry Fire Department Dive Squad". Coventry is an inland town of about 10,000 with a few shallow ponds. It also has 7 fire districts/departments and 5 elementary schools. It's insane.

I was never so happy as I was when I moved to Mass and paid considerably less in taxes to have nice, clean parks, highly-rated schools, and roads you could drive on without wondering when your axle was going to snap. To be fair, my kids do have to travel more than 2 miles to get to their elementary school, and my fire department is volunteer.

You know you're doing it wrong when people flee to Massachusetts to escape your taxes.


Incorrect. Jamestown, my home town, is one of many all volunteer fire departments
 
2012-06-04 11:39:37 PM  

thepostaftermeisgay: Jerkwater: I lived in RI for 12 years, and their problems go a lot deeper that 38 Studios. Corruption and cronyism run rampant. Every small town has it's own school system (with requisite staff, from superintendent down). Every small town has a professional (meaning, paid) fire department. The roads are horrible. The parks are neglected. The schools, while probably average nationally, are way below the standards of the other New England states.

I'll never forget waiting in line to vote one morning in an elementary school that had maybe 8 classrooms and looked to have been built about 60 years ago, standing behind a guy in a jacket that read "Coventry Fire Department Dive Squad". Coventry is an inland town of about 10,000 with a few shallow ponds. It also has 7 fire districts/departments and 5 elementary schools. It's insane.

I was never so happy as I was when I moved to Mass and paid considerably less in taxes to have nice, clean parks, highly-rated schools, and roads you could drive on without wondering when your axle was going to snap. To be fair, my kids do have to travel more than 2 miles to get to their elementary school, and my fire department is volunteer.

You know you're doing it wrong when people flee to Massachusetts to escape your taxes.

Incorrect. Jamestown, my home town, is one of many all volunteer fire departments


Yes, there are exceptions to every rule. I spent a year in my early 20's squatting in a friend's basement in J-town, on Beacon Ave, closing down the Narry at 1AM and hitting it for screwdrivers at 10 (I was a popular house guest). But I've lived in every state in New England and Rhode Island as a whole is horribly, horribly mis-managed. CT is pretty bad as well, but they do a decent job with education. NH is OK, but their insistence on the "no income tax" thing results in ridiculous property tax and poor services. ME and VT handle themselves pretty well, but are lucky to have the tourist trade. MA, for all the shortcomings and being hated by everyone else, really does put it all together.
 
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