April 25th, 2013

House wraps $338 million for Mayo Clinic into tax proposal

By Logan Lafferty

The Minnesota House is giving Mayo Clinic most of what it wants.  Mayo had asked for about $585 million from the state to help it reinvent Rochester, and on Wednesday the House wrapped $338 million for Mayo’s Destination Medical Center project into the $2.6 billion tax proposal it approved on a 69-64 vote. The money will be paid out over the coming decades, once Mayo, private investors and the local community put up the majority of the cost of expanding its campus and giving downtown Rochester a multibillion dollar makeover.

Additional DMC coverage: KARE 11, MPR, HealthLeaders Media, San Antonio Express, Houston Chronicle, San Francisco Chronicle, Seattle Post Intelligencer, Grand Forks Herald, FOX47, Pioneer Press, Minneapolis / St. Paul Business Journal,  Twin Cities Business

 

Star Tribune by Baird Helgeson

Tags: destination medical center, DMC, Expansion, Finanical, Government Relations, Mayo Clinic Rochester, Minnesota Legislature, Rochester campus, Star Tribune, state funding

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