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The Buzz: 38 Studios deal

Gubernatorial candidates are weighing in

Updated: Thursday, 02 Sep 2010, 12:42 PM EDT
Published : Thursday, 02 Sep 2010, 12:28 PM EDT

(FOX Providence) - More controversy surrounds the plan to relocate Curt Schilling's video game company, 38 Studios, to Rhode Island.

Under the deal, 38 Studios would move to the Ocean State in exchange for a $75 million loan guarantee from the state.

Some of the Gubernatorial Candidates are speaking out about the deal.

In an interview with a national trade publication recently, State Treasurer and Democratic Candidate Frank Caprio publicly objected the plan.

Caprio said: "As the details keep coming out, the deal keeps getting worse and worse...I'm not going to stand by and let the taxpayers have to dig into their pockets, because this deal is unlike any other deal and it's a bad deal."

Caprio is now asking two national bond rating agencies to withhold work on the project until a new governor is in office.

Some other gubernatorial candidates have fired back at Caprio's comments.

Independent Lincoln Chafee has opposed the deal from the start, and says "I believe Treasurer is taking the pulse of the population, putting his finger in the wind, and now belatedly coming out in opposition. Flip flopping."

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