Items Tagged ‘investment’

April 24, 2013

Will Rochester pay more for Mayo expansion?

By Logan Lafferty Logan Lafferty

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 15, 2013

For Minnesota, greatness lies in two visionary health care proposals

By Logan Lafferty Logan Lafferty

It’s time to think big about Minnesota’s health care destiny. We stand at a crossroads…Second, the Mayo Clinic in Rochester, the state’s largest private employer, is asking for a state contribution of $500 million in order to create a $5 billion “Destination Medical Center.” Mayo is known worldwide as being synonymous with quality and innovation. […]

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Tags: destination medical center, DMC, Health Care, health care proposal, investment, Minnesota Legislature, Star Tribune, state funding


February 25, 2013

Mayo, a financial powerhouse, is poised to propel expansion

By Logan Lafferty Logan Lafferty

Mayo Clinic wants to invest billions of dollars of its own money in a project aimed at bolstering the medical center’s position as a world destination for health care. The clinic is now trying to line up state subsidies and private investors to round out financing for what would be a grand expansion. ..The clinic’s success […]

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Tags: investment, MPR, Pat McCarty, state subsidies


February 15, 2013

Mayo expansion bill eases past 1st Capitol hurdle

By Logan Lafferty Logan Lafferty

A bill that would finance redevelopment around the Mayo Clinic’s proposed expansion in Rochester is starting to move through the Legislature…The Mayo Clinic’s Patricia Simmons said the investment is needed to ensure that the Mayo Clinic continues to be a worldwide leader in health care. “We need to grow to succeed,” Simmons said. “We need […]

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Tags: Dr. Patricia Simmons, expansion, investment, MPR, redevelopment, state legislature


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