April 30, 2013
On second try, Mayo Clinic’s DMC plan passes Senate
It took a do-over vote, but Mayo Clinic’s quest for state dollars to help support its ambitious expansion efforts cleared a critical hurdle on Monday night. Its passage, however, was anything but easy. On the first try, the Senate tax bill, which includes roughly half a billion dollars for Mayo’s Destination Medical Center initiative, failed […]
Tags: destination medical center, DMC, do-over vote, Minnesota Legislature, Post Bulletin, state funding
April 29, 2013
Minnesota Legislature makes welcome progress on Mayo
The Legislature seems to have found a way to say yes to Mayo Clinic’s call for help in building what it calls a Destination Medical Center in Rochester. Similarly structured provisions to help Rochester pay for the public infrastructure demands of a major Mayo expansion have landed in the House and Senate tax bills. The […]
Tags: destination medical center, DMC, Gov. Mark Dayton, Minnesota Legislature, public infrastructure, Star Tribune, state tax, tax conference committee
April 29, 2013
Mayo Clinic’s tax request may transform Rochester
Imagine a large atrium in Rochester where people could escape the harsh reality of a Minnesota winter. Land purchases and building demolitions in the city’s downtown would clear the way for projects that fit with growth at the Mayo Clinic, the health care giant that dominates the local economy…Those are some of the infrastructure ideas […]
Tags: destination medical center, DMC, economic development, infrastructure improvements, Pioneer Press, tax request, taxpayer money
April 25, 2013
House wraps $338 million for Mayo Clinic into tax proposal
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 […]
Tags: destination medical center, DMC, Minnesota Legislature, Rochester campus, Star Tribune, state funding
April 24, 2013
Will Rochester pay more for Mayo expansion?
Minnesota state lawmakers have asked the city of Rochester to more than double its contribution for the Mayo Clinic’s proposed expansion project. The city’s share would increase to $128 million, and most likely would be raised through new local taxes. But it’s unclear how much Rochester residents are willing to pay to help Mayo expand. […]
Tags: capital improvements, destination medical center, DMC, expansion project, investment, investment plan, local taxes, Minnesota Legislature, MPR
April 23, 2013
Mayo boosts lobbying as funding bill advances
Rochester and private investors will have to dig deeper into their own pockets before the state puts one penny toward Mayo Clinic’s multibillion- dollar hometown makeover, lawmakers said Monday. The Senate Taxes Committee presented a pared-down version of the multimillion-dollar Mayo request Monday, similar to one the House Taxes Committee approved last week amid intensified […]
Tags: destination medical center, DMC, Lisa Clarke, private investor, Senate Taxes Committee, Star Tribune, state funding
April 23, 2013
The Mayo Clinic has big plans to join other top-flight medical centers in an expensive fight for well-heeled patients, but it faces a problem: Its sleepy hometown needs a face-lift. Mayo, the biggest private employer in Minnesota, is proposing to invest $3 billion to $3.5 billion over 20 years to transform its already big operation […]
Tags: destination medical center, DMC, Dr. Bradly Narr, Dr. John Noseworthy, expansion, funding, Wall Street Journal
April 22, 2013
Rochester officials want local DMC match scaled back
Rochester officials are urging lawmakers to scale back the $128 million local match for Mayo Clinic’s Destination Medical Center initiative. A House plan unveiled earlier this week more than doubled the amount of money the city of Rochester and Olmsted County will need to chip in toward Mayo’s expansion plan. Rochester City Council interim President […]
Tags: destination medical center, DMC, funding, government proposal, karl oestreich, Minnesota Legislature, Post Bulletin, Randy Staver, Rochester City Council
April 19, 2013
Rochester sizes up its bigger bill for Mayo
If the Mayo Clinic’s big-ticket funding package passes the Legislature, its neighbors will pay more for it than they originally bargained for. Minnesota Public Radio reports that state lawmakers, who have balked at the size of Mayo’s request from taxpayers — $500 million, or possibly twice that when interest is included — have responded by saying Rochester needs […]
Tags: funding, Minneapolis-St. Paul Business Journal, Minnesota Legislature, Minnesota Public Radio, state tax
April 18, 2013
Revamped Mayo deal appears set
It was hardly a secret that the Mayo Clinic’s plan to create a “destination medical center” in Rochester was never going to make it through the House Taxes Committee as originally conceived. ..“Everyone wanted to vote for it when it was free, because that’s how it was being pitched to people,” Lenczewski said. “If you believe […]
Tags: destination medical center, DMC, Finance & Commerce, government proposal, House Taxes Committee, Minnesota Legislature, Rep. Ann Lenczewski, state cost, state tax