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Schilling Rhode Island Pitch Risks $75 Million Debt: Muni Credit

Curt Schilling, a pitcher on the 2004 Boston team that won baseball’s World Series, may leave Rhode Island on the hook for $75 million of bonds sold to help lure his video game company to the state.

The former Red Sox player yesterday asked the state for extra time after the Providence-based venture failed to make a $1.1 million payment to cash-strapped Rhode Island’s economic-development arm. The agency received a check from the venture at about 5 p.m. local time today and then returned it when the company’s chief financial officer advised that there weren’t enough funds to cover the payment, the governor’s office said in a statement.