The controversial loan guarantee has become an issue in the
gubernatorial race, in which Chafee, an independent, is running against
Democrat General Treasurer Frank Caprio, Republicans John Robitaille and
Victor Moffitt and Moderate Party candidate Ken Block, who on Monday
filed a request for public documents on the guarantee.
All the candidates have raised questions about the agreement, in which
the state will be on the hook for up to $75 million in loans if 38
Studios defaults. The deal is contingent on the company bringing
hundreds of jobs to Rhode Island.
Characterizing the arrangement as risky, Chafee has criticized the EDC
for approving such a big guarantee for one company.
After confronting Carcieri - who cannot run for governor again because
of term limits - before the meeting, Chafee said he had hoped the
governor would allow him to speak in an effort to keep the process open.
But he acknowledged that the chances were "slim to none ... and slim just
left."
Following the meeting, Carcieri noted that the EDC board had two public
meetings to discuss the loan guarantee, and Chafee had met with EDC
Executive Director Keith W. Stokes twice.
Chafee had "plenty of opportunity to have his voice heard," the governor
said.
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