Rhode Island using $2.4 million in state funds on 38 Studios investor payment

By Stephany Nunneley, Thursday, 1 May 2014 21:05 GMT

Rhode Island will make its first payment to today in order to pay back investors behind 38 Studios’ $75 million in guaranteed loans. The interest payment comes to $2.4 million, according to the Providence Journal, this is on top of the $10 million in principal and interest the state had to pay last November. State legislators are still trying to lessen obligations or avoid payment and The House Oversight Committee has relaunched an investigation into the bonds while the lawsuit against Schilling and others involved in the deal continues. Thanks, GI International.

Sometimes we include links to online retail stores. If you click on one and make a purchase we may receive a small commission. For more information, go here.

Buy our t-shirts, yeah

They're far more stylish than your average video game website tat.

VG247 Merch