Saturday, July 17, 2010

Slow Saturday Special: Schilling Strikes Out

For the neighboring Rhode Island if you don't fork over the tax loot, Massachusetts.

"the company.... has never produced a product"

And he wants HOW MUCH TAX LOOT?

Related:
Schilling Makes His Pitch

I'm taking it all the way because I sure as hell ain't swinging at a ball.

"Mass. officials want Schilling firm to stay put" by Hiawatha Bray, Globe Staff | July 13, 2010

State economic development officials hope they can persuade former Red Sox pitcher Curt Schilling to keep his video game company, 38 Studios LLC, in Massachusetts — despite loan guarantees being offered by the state of Rhode Island.

On Thursday, 38 Studios, which is based in Maynard, will meet with the Rhode Island Economic Development Corporation to discuss up to $75 million in loan guarantees in exchange for moving the company to that state.

You can HAVE HIM!

Hit the showers, Curt!

You are a FREE AGENT now!

For months, Schilling has urged Massachusetts to offer tax breaks to video game developers, saying he would prefer to remain in Massachusetts, but that he’d be willing to move 38 Studios to another state that would offer financial incentives....

That USED TO BE CALLED EXTORTION, but not now, not in AmeriKa!

Massachusetts officials said they don’t have a program to offer the same guarantees as Rhode Island, but are not done talking to 38 Studios....

The Rhode Island Legislature enacted a program last month that provides $125 million in loan guarantees for high-tech companies. Commercial banks would serve as the lenders, but the state would guarantee repayment, making it easier for small technology companies to obtain such loans.

That means YOU, taxpayers of Rhode Island!

NOTHING BETTER to do with the MONEY, huh?

The Rhode Island program is designed to create about 400 jobs in that state.

That's it? Out of $125 million?

Keith Stokes, executive director of the Rhode Island Economic Development Corporation, said that his office was approached by Schilling’s company. “We weren’t pursuing 38,’’ Stokes said. “They came to us.’’

Oh, Boston Red Sawx Fans, Schill is a TRAITOR!!!

That's like meeting with the Yankees!

Stokes said 38 Studios is seeking a $75 million loan guarantee, or 60 percent of the money set aside under the state program. But the company may not get that much. “We’re looking at a variety of numbers,’’ said Stokes.

So how much is Massachusetts going to offer?

The decision on whether to back a loan for 38 Studios will be made by the economic development corporation’s board, which is largely composed of business executives....

Good as gone.

About 20 states offer financial incentives aimed at video game development companies, but Massachusetts isn’t one of them. Still, the state may have something to offer Schilling....

Time!!!

Kofi Jones, spokeswoman for the state’s secretary of housing and economic development, Gregory Bialecki, said that staying in Massachusetts would give 38 Studios better access to top gaming talent. The state boasts a number of major video game companies, like Harmonix Music Systems Inc., creator of the Rock Band games, and Turbine Inc., maker of Lord of the Rings Online.

See: 'Twas the Paper Before Christmas....

In addition, Massachusetts colleges, including the Massachusetts Institute of Technology, Worcester Polytechnic Institute, and Becker College, offer highly regarded programs in game design.

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"R.I., 38 Studios talk over loan deal" by Associated Press | July 16, 2010

PROVIDENCE — Rhode Island yesterday moved forward with plans to lure to the state a gaming company founded by former baseball pitcher Curt Schilling, dangling the incentive of a $75 million loan guarantee to move the business out of Massachusetts.

What games you got out there, Schill?

The board of the state Economic Development Corporation met behind closed doors yesterday to discuss terms and conditions of its deal with Maynard, Mass.-based 38 Studios. Those conditions were kept confidential and not disclosed after the meeting, but a lawyer for the board said the members discussed the potential risk involved.

The company — named after Schilling’s old uniform number — has said it could offer 400 to 450 jobs by the end of 2012, with an average salary of $70,000.

“38 Studios pursued Rhode Island,’’ Economic Development’s executive director, Keith Stokes, said after the meeting. “They came to Rhode Island because they had an interest in our capital city. They came to Rhode Island because of our growing technology base industries.’’

The next meeting is scheduled for July 26.

A company representative did not immediately return a call seeking comment, and a consultant to the business said he was not authorized to speak.

--more--"

"Red Sox exec questions plan for Schilling loan" by Associated Press | July 17, 2010

PROVIDENCE — Boston Red Sox executive Jeremy Kapstein said yesterday that he has serious questions about the viability of Rhode Island’s plan to offer a video game company owned by former Red Sox pitching great Curt Schilling a $75 million loan guarantee to move to the state.

Hit By Pitch!

Kapstein, a senior adviser for baseball projects at the Red Sox, is running as a Democrat for Rhode Island lieutenant governor against incumbent Elizabeth Roberts, also a Democrat.

Schilling’s 38 Studios, based in Maynard, Mass., says it could provide between 400 and 450 jobs by the end of 2012 if it relocated to Rhode Island. But the company, which is developing what’s called a massively multiplayer online game, has never produced a product, and even state officials have acknowledged the potential deal is risky for the state.

No, no, no, NOT for the STATE, for TAXPAYERS!!!!

They are the ones "guaranteeing" the money!

And the 38 has have NEVER PRODUCED a GAME?!?!

No wonder I couldn't find it at the video game shop!

Kapstein told WPRO-AM yesterday that he had nothing against Schilling or his representatives, but if the company fails, the taxpayers will be on the hook for $75 million.

No, no, no, that would be the state -- according to the agenda-pushing state paper passing itself off as a free and independent press.

Related: Slow Saturday Specials: Kicks Brought to You by Kraft and Kissinger

Love subsidizing the sports, don't they?

"NASCAR coverage was also expanded on the cable channel New England Sports Network, which is owned by New England Sports Ventures, the parent company of the Red Sox and Fenway Sports Group. The New York Times Co., which owns The Boston Globe, holds a 17 percent stake in New England Sports Ventures."

Oh.

“I have serious questions about the viability of that kind of an offer to a company that is full of questions,’’ he told the station.

“I have concerns because that money should have been destined for our small businesses, which are struggling in this state and can’t get financing,’’ he said. “That’s a lot of money, could do a lot of good for jobs here in Rhode Island.’’

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Yeah, we call that an
ofer, don't we, Curt?

Curt  Schilling will meet Rhode Island officials.
Curt Schilling will meet Rhode Island officials. (Bill Greene/Globe Staff/File)

He looks like he had a bad outing.

Also see
:
New service lets players stream video games

Video Game Schills

And something about that number 38:

"Icahn now holds 38% of film studio" by Bloomberg News | July 2, 2010

LOS ANGELES — Billionaire investor Carl Icahn purchased additional stock in Lions Gate Entertainment Corp. after the close of his $7-a-share buyout bid, lifting his stake in the independent film and TV studio to almost 38 percent....

That was the company that backed and released "Sicko," his best film ever.

The studio’s largest shareholder, Icahn, 74, is also trying to gain control of Lions Gate’s board through a proxy fight. The added stake may give him power to veto some decisions, including proposed mergers and acquisitions....

Icahn said yesterday he can’t buy any more shares in the open market because of limits set by Canadian law. Lions Gate, run from offices in Santa Monica, Calif., is registered as a Canadian company with headquarters in Vancouver....

I guess that explains them picking up the project.

--more--"

I have to hurry; I've got to get over to the
ballpark for the Sox game.

"Stolen baseball cards recovered" by Emily Sweeney, Globe Staff | July 15, 2010

Police recovered several rare baseball cards that were stolen from a Wareham man’s home and have charged a Bourne woman with the theft.

The stolen cards — which included one of Babe Ruth and two of Ty Cobb — were taken from the home over the weekend, Wareham police said.

Police tracked down the cards Monday afternoon when they stopped Melissa Sleeper, 29, driving along Route 6 in Wareham. Police said they found several century-old baseball cards in her possession, the same ones the victim had reported missing.

Sleeper was arrested at the scene and charged with receiving stolen property over $250, police said. She was held overnight at the Wareham police station and arraigned at Wareham District Court the next morning, where a plea of not guilty was entered on her behalf....

The cards have an appraised value of more than $11,000, police said.

“They were given away in tobacco products and cigar packs,’’ Officer William Fihlman said. “If they were in mint condition they would be worth more than the amount they were appraised at.’’

The victim told police that the baseball cards had been in his family for many years.

“He was very upset because he knew they were very valuable,’’ Fihlman said.

“When he came to the station to retrieve them, he was in tears, he was so happy to get them back. They’ve been in his family for years and years.’’

Yes, NO ONE LIKES their PROPERTY STOLEN!

Detectives identified Sleeper as a suspect early on. Fihlman would not comment on whether she knows the victim.

When animal control officer Carlston Wood spotted Sleeper’s vehicle on Route 6 Monday afternoon, he alerted detectives, who made the stop, Fihlman said.

Sleeper was released on bail and expected to return to court on Aug. 26 for a pretrial hearing....

The stolen cards include....

Yeah, I remember how fun it used to be flipping through a pack while chewing the stick of sugar and seeing who you got.

--more--"

And what is a Sox story without the Yankees?


"Steinbrenner: The bottom line — he cared

George Steinbrenner, the emperor of the Evil Empire, died yesterday, and even the fiercest patriots of Red Sox Nation may now give a tip of the cap to the Yankees’ flamboyant boss. He was easy to mock, an impulsive blusterer who hired and fired Billy Martin five times as manager — and who once fired a secretary for bringing him the wrong sandwich. And yet, for all his petulant meddling, Steinbrenner embodied the pure adolescent will to win that every fan wants a team owner to possess....

All right, enough of with the childhood recollections, 'eh?

--more--"

Also see
: The long and short of it

Important issues to editorialize and opine on, I know.