Just last week, Rhode Island sold off the assets of former game development company 38 Studios, making a grand total of $830,000 between the office in Providence and the company's division in Maryland. Unfortunately, that didn't bring in nearly enough to recoup the whopping $150.7 million owed. Granted, the Kingdoms of Amalur IP has not yet been sold, but it certainly won't pay off all of the debt.
As such, the state of Rhode Island is taking legal action against some of the architects of the deal that provided 38 Studios with the $75 million loan. Gov. Lincoln Chafee discussed the matter in a video you can check out above. Here's a bit of what he had to say:
This vote was not taken lightly and it was taken with the clear goal of protecting the taxpayers of Rhode Island.
My message to Rhode Islanders is this. I know you work hard for your paychecks, and for your tax dollars to be squandered is unacceptable. The board's legal action was taken to rectify a grave injustice put upon the people of Rhode Island.
As a Rhode Island resident myself, I must admit that the situation totally sucks, and not just because we're on the hook for all this debt. Kingdoms of Amalur was an incredible game and it's a real shame to see Schilling's vision totally fall apart.