Rhode Island Gubernatorial Candidate Backs Independent Probe of 38 Studios Deal

Cranston, Rhode Island Mayor Allan Fung, who is a Republican candidate for governor, is supporting state Senator Dawson Hodgson's call for an independent commission to investigate the state's losing investment in failed video game maker 38 Studios.

"I definitely support that idea," Fung said during a taping Thursday of RIPR's Bonus Q+A. "Right now, the taxpayers never had a vote on it, because it was a moral obligation bond, and I think I've been clear all throughout — I don't support paying that 12 and a half million dollars back on our bond, based on the information that I know now."

Fung was referring to how the General Assembly will be asked to approve payments of $12.5 million for the next seven years. It approved a $2.5 million payment for 38 Studios' bondholders earlier this year.

State lawmakers have shown little interest in Hodgson's proposal for an independent probe of the 38 Studios deal. Hodgson is preparing for a run for attorney general.

Source: Rhode Island Public Radio

 

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