Former 38 Studios chief Curt Schilling, whose studio accepted $75 million in loans from the state of Rhode Island in 2010 and then laid off all its employees and declared bankruptcy two years later, has criticized the US student loan forgiveness(opens in new tab) plan, saying on Twitter that «unaccountable uneducated children [are] being covered by hard working debt paying Americans(opens in new tab).»
Schilling, who earned tens of millions of dollars as a young man thanks to his ability to throw a ball real good, was a fan of MMOs during his MLB playing days (particularly EverQuest—in fact, he reviewed a couple of EverQuest expansions for PC Gamer magazine, way back when).
My body my choice? Your loan my responsibility? This isn’t loan forgiveness, it’s a generation of lazy unaccountable uneducated children being covered by hard working debt paying Americans.August 25, 2022
He thus decided to try his hand at making videogames when he was finished with baseball, and with virtually limitless fame and fortune at his fingertips, he launched Green Monster Games, later renamed to 38 Studios—the former a reference to the gigantic left field wall at Fenway Park, home of the Boston Red Sox, and the latter his jersey number.
38 Studios was founded in Massachusetts in 2006, but relocated to Providence, Rhode Island, a few years later, lured by a $75 million loan guarantee offered by the state's Economic Development Corporation. It was a lot of money, but not nearly enough to cover the studio's profligate burn rate. After defaulting on a loan payment and failing to make payroll, the studio declared bankruptcy(opens in new tab) in May 2012 and laid off its entire staff, many of whom had relocated at significant expense to work at
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