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Former House Finance Chairman Downplays Involvement With 38 Studios

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A former House Finance chairman is downplaying his role in the loan program used to lure 38 Studios to Rhode Island in 2010. Steve Costantino now serves...

A former House Finance chairman is downplaying his role in the loan program used to lure 38 Studios to Rhode Island in 2010. Steve Costantino now serves as a publicly funded health insurance program in Vermont.

38 Studios documents released last week suggest Costantino had a key role in expanding by $75 million the loan program used to attract 38 Studios.

In a statement released through his office, Costantino denies any role in bringing 38 Studios to Rhode Island. He says – quote – “I was tasked with handling the legislation affecting the company by my superiors.”

During his deposition in an ongoing lawsuit, Costantino repeatedly said he was unable to recall the answer to various questions. Other depositions indicate Costantino backed increasing a state loan program by the amount later offered to 38 Studios.

Gordon Fox, who was speaker when the House voted to increase the loan fund in 2010, is now in prison on an unrelated corruption charge.

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Steven Constantino looks on at a press conference with former Governor Lincoln Chafee.
Steven Constantino looks on at a press conference with former Governor Lincoln Chafee.