The news that 38 Studios LLC, the video-game company founded by former Boston Red Sox pitcher Curt Schilling, has laid off his entire staff — and possibly leaving Rhode Island taxpayers with a $75 million bill through a loan guarantee — emphasizes the risk economic development deals pose for issuers, observers say.

Schilling on Thursday dismissed more than 300 workers, mostly in Providence. The firm also had an office in Timonium, Md.

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