This comes after the state of Rhode Island loaned 38 Studios $US75 Million to relocate from Massachusetts. According to the NBC report, if 38 defaults on the loan, it will leave Rhode Island taxpayers on the hook for the money.
38 Studios has only released one game, the fantasy RPG Kingdoms of Amalur earlier this year. It seems likely that Amalur‘s lackluster sales are responsible for any financial woes the studio may be facing.
Kotaku has contacted 38 Studios and will update if and when we hear back.
(Hat-tip to John for the heads-up.)