PROVIDENCE, R.I. (AP) — Former Red Sox pitcher Curt Schilling's video game company has made a $1.1 million payment to Rhode Island that it defaulted on earlier this month.
Gov. Lincoln Chafee (CHAY'fee) announced on Friday that the check from 38 Studios cleared.
The company missed the scheduled payment to the Rhode Island Economic Development Corp. on May 1, prompting worries about its solvency and whether the state would have to step in to pay its debts.
38 Studios hand-delivered a check to the economic agency on Thursday only to have the chief financial officer acknowledge soon after there wasn't enough money in the account to cover it.
38 Studios was lured from Massachusetts in 2010 after Rhode Island officials offered a $75 million loan guarantee.
