Finanical

April 24, 2013

Will Rochester pay more for Mayo expansion?

By Logan Lafferty Logan Lafferty (@loganlafferty)

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.  […]

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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

By Logan Lafferty Logan Lafferty (@loganlafferty)

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 […]

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Tags: destination medical center, DMC, Lisa Clarke, private investor, Senate Taxes Committee, Star Tribune, state funding


April 23, 2013

Mayo Clinic’s Upmarket Move

By Logan Lafferty Logan Lafferty (@loganlafferty)

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 […]

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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

By Logan Lafferty Logan Lafferty (@loganlafferty)

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 […]

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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

By Logan Lafferty Logan Lafferty (@loganlafferty)

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 […]

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Tags: funding, Minneapolis-St. Paul Business Journal, Minnesota Legislature, Minnesota Public Radio, state tax


April 19, 2013 · Leave a Comment

New Study Finds Obese Employees More Costly To Companies Than Smokers

By Kelley Luckstein Kelley Luckstein (@KelleyLuckstein)

A recent Mayo Clinic study found obesity is outweighing smoking in employer health care costs. “I think this study is really going to surprise a lot of people that it really is truly obesity that’s raising the health care cost today,” says Mayo Clinic Health System registered dietitian Diane Dressel.  A seven year study by […]

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Tags: Dian Dressel, healthcare costs, Obesity, RedOrbit, WEAU-Eau Claire


April 18, 2013

Revamped Mayo deal appears set

By Logan Lafferty Logan Lafferty (@loganlafferty)

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 […]

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Tags: destination medical center, DMC, Finance & Commerce, government proposal, House Taxes Committee, Minnesota Legislature, Rep. Ann Lenczewski, state cost, state tax


April 17, 2013

SE Minn. now on hook for more costs in Mayo plan

By Logan Lafferty Logan Lafferty (@loganlafferty)

If the Mayo Clinic is to expand in Rochester, city and county residents must contribute a larger share of the $500 million needed for public transit and other improvements, state lawmakers said this week…Olmsted County Board Chairman Jim Bier supports the measure, but expects some pushback from county residents. “People don’t like taxes,” he said. […]

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Tags: Jim Bier, MPR, public transit, state tax


April 16, 2013

House Dems eye alcohol tax bump

By Logan Lafferty Logan Lafferty (@loganlafferty)

A tax increase on alcohol has been added to the list of ways Minnesota House Democrats are proposing to help balance the state’s budget and spend more money for schools…The plan also provides property tax relief for 520,000 homeowners, increases the tax break for renters and gives manufacturers a sales tax break for capital equipment […]

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Tags: alcohol, Minnesota Legislature, MPR, proposal, state budget, tax increase


April 16, 2013

New Mayo plan calls for less from state

By Logan Lafferty Logan Lafferty (@loganlafferty)

A new House plan unveiled Monday, April 15, trims the amount of state support being offered for a large economic development project involving the Mayo Clinic in Rochester. Under the latest proposal, state taxpayers would provide about $338 million in support for the project, which sets a goal of solidifying Rochester’s status as a global […]

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Tags: destination medical center, DMC, financial plan, Minnesota Legislature, Pioneer Press, Rep. Kim Norton, state funding


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