February 8th, 2013

Mayo’s Ultimatum

By Logan Lafferty

The Mayo Clinic, synonymous with southern Minnesota for more than a century, says state lawmakers must pay about $600 million over 20 years in an unusual borrowing plan to ensure the famed clinic will continue investing in the region…The Minnesota Vikings, for example, persuaded lawmakers last year to promise more than $500 million in public spending for a $1 billion football stadium after the team threatened to move. And large not-for-profit healthcare employers in other states, such as the Cleveland Clinic in Ohio and the Scripps Research Institute in Palm Beach County, Fla., already receive state subsidies to support their operations.

 

ModernHealthcare by Joe Carlson

Tags: Cleveland Clinic, Finanical, Government Relations, lawmakers, Mayo Clinic Rochester, Minnesota Vikings, ModernHealthcare, public spending, Scripps Research Institute, state subsidy

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