Mayo Clinic is dropping a complicated tax plan that relies on more than $500 million in state funds to make improvements in Rochester in favor of a plan that would rely on a direct contribution from the state. The emergence of the new plan is a signal that House and Senate leaders are moving in the same direction when it comes to the subsidy for what the clinic calls the Destination Medical Center…Mayo Clinic spokesman Karl Oestreich said he is pleased the Legislature is moving closer to a compromise. "We knew that it was going to change as it went through the process," Oestreich said. "I think the good thing is that it is moving forward and we're listening to folks and it's a solution that people are comfortable with."

Additional Coverage: Minneapolis St. Paul Business Journal, Post Bulletin,  KIMT

MPR by Tom Scheck

Tags: destination medical center, Finanical, Government Relations, karl oestreich, Mayo Clinic Rochester, Minnesota Legislature, MPR, state funding, state subsidy, tax plan