A Rhode Island Superior Court hearing today holds out the promise that information on how the 38 Studios loan debacle came about, as Judge Michael A. Silverstein will hear arguments on whether to release some documents long under seal in the case, the Providence Journal reported today. Those documents, possibly including depositions by former Governor Donald Carcieri and former House Speaker Gordon Fox, could go a long way toward answering the lingering questions about why state leaders decided to craft a $75-million loan guaranty in 2010 to draw the video game company from Maynard, Mass., to Providence. The company's failure in June 2012, after loan reserve funds were depleted, left state taxpayers to cover $89 million in principal and interest payments on bonds sold to fund the 38 Studios move.
