Updated August 2 at 3:11pm

38 Studios fallout

STOKES RESIGNS: Keith W. Stokes said his decision last week to resign as executive director of the R.I. Economic Development Corporation was a “mutual” agreement with Gov. Lincoln D. Chafee. The move followed closed-door discussions between the EDC board and 38 Studios Inc. on the firm’s decision to default on a $1.125 million fee payment.

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economic development

38 Studios fallout

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STOKES RESIGNS: Keith W. Stokes said his decision last week to resign as executive director of the R.I. Economic Development Corporation was a “mutual” agreement with Gov. Lincoln D. Chafee. The move followed closed-door discussions between the EDC board and 38 Studios Inc. on the firm’s decision to default on a $1.125 million fee payment.

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