Items Tagged ‘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 11, 2013
Blowback at the Capitol sends Mayo back to drawing board
The Mayo Clinic had a rough Wednesday at the Minnesota House, where legislators blasted the company’s CEO, insulted its hometown and nearly derailed debate on a $500 million bill over a $5 million local tax spat. Now it’s back to the drawing board for Mayo and its supporters, who are seeking $585 million from the […]
Tags: funding, Minnesota Legislature, Star Tribune, state funding, tax money
April 10, 2013
Mayo CEO on Minnesota expansion: ‘We’ll have to rethink … the best use of our money’
In blunt words aimed squarely at the Minnesota Legislature, the president and CEO of the Mayo Clinic warned Tuesday that the hallowed medical institution has “49 states” eager to have Mayo’s planned multibillion-dollar expansion if the state is unwilling to pitch in. “We’re never going to leave Minnesota, and we don’t want to leave Minnesota,” […]
Tags: Dr. John Noseworthy, funding, Minnesota Legislature, National Press Club, Star Tribune
April 3, 2013
Legislators balk at $500M request from Mayo to aid expansion
When Minnesota lawmakers return to the state Capitol on Tuesday to focus on a two-year budget, they will also weigh whether to approve the Mayo Clinic’s request for $500 million to support its $3 billion expansion plan…Lisa Clark, the administrator for the system’s Destination Medical Center plan, said a new plan could emerge if lawmakers […]
Tags: destination medical center, DMC, funding, funding request, infrastsructure, Lisa Clark, MPR, private investment
April 1, 2013
Minnesota Legislature’s session half over, but not its work
Here’s a snapshot of what has been done so far this session and what remains: What happened: The Mayo Clinic announced plans to spend $3.5 billion over 20 years to solidify the health system’s hometown of Rochester as a global destination for medical care…The clinic wants the state to support the growth by earmarking more than […]
Tags: destination medical center, DMC, funding, infrastructure, Minnesota Legislature, Pioneer Press, tax revenue
March 22, 2013
Mayo Clinic, state officials seek funding Plan B
Mayo Clinic officials are working with lawmakers to come up with a Plan B to pay for its Destination Medical Center proposal amid criticism about the current plan, which would require more than $500 million in state support…A Republican backer of the project, Rep. Greg Davids, from Preston, said he fears time is running out. […]
Tags: destination medical center, DMC bill, funding, Rep. Greg Davids, Star Tribune
March 19, 2013
Seeking help with future growth, Rochester already feels strain of expansion
As the Mayo Clinic makes expansion plans and asks for state help to build infrastructure in Minnesota’s third largest city, Rochester is feeling financial strain from the rapid growth it has already seen…”We should be putting a lot more into our capital improvements program to reconstruct roads in order to do it at the lowest […]
Tags: funding, infrastructure, MPR, rapid growth, state help
March 19, 2013
Alzheimer’s Kills More in U.S. as Advocates Seek Funding
While the National Alzheimer’s Project Act was signed into law in January 2011 to coordinate efforts to treat and prevent Alzheimer’s, funding hasn’t caught up, advocates and researchers said. “Even before the sequester, the National Institute on Aging was only funding about 1 in 10 of the grants they received even though easily twice as many were meritorious,” said […]
Tags: alzheimer's disease, American Academy of Neurology, Bloomberg, Dr. David Knopman, funding, National Alzheimer's Project Act, National Institute on Aging