Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

R.I. official out amidst Schilling controversy

Former Boston Red Sox pitcher Curt Schilling was followed by members of the media as he left the Rhode Island Economic Development Corporation headquarters in Providence Wednesday.

Steven Senne/Associated Press

Former Boston Red Sox pitcher Curt Schilling was followed by members of the media as he left the Rhode Island Economic Development Corporation headquarters in Providence Wednesday.

Keith Stokes, executive director of the Rhode Island Economic Development Corporation, has resigned, in the middle of controversy over a $75 million loan guarantee gave to 38 Studios, a video game company owned by former Red Sox pitcher Curt Schilling.

The company moved to Rhode Island from Massachusetts in 2010 after the state offered the financing, claiming the deal would create 450 jobs and increase tax revenue.

Continue reading below

The video game studio has defaulted on payments to the state, failing to pay a $1.1 million on May 1. The board of the economic development agency and Gov. Lincoln Chafee held an emergency meeting Wednesday morning with Schilling and other employees from the company regarding the situation.

Representatives did not say when the company planned to pay the past due payment. They asked an undisclosed amount of additional funds from the state.

Chafee released a statement today accepting Stokes’ resignation.

Continue reading it below

“I thank Keith for his service to Rhode Island,” the statement read, “and I am confident that he will continue to be very involved in the state he loves.”

A successor for Stokes has not yet been named.

Stokes was originally appointed as executive director by former Governor Donald Carcieri, who favored the deal with Schilling’s company.

On Wednesday, the board took no action regarding 38 Studios. The board meets again Monday.

Gail Waterhouse can be reached at gail.waterhouse@globe.com.
Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com