House Taxes chair has strong reservations about Mayo Clinic planMarch 12, 2013 5:11 PMBy Tom ScheckThe chair of a key legislative committee says supporters of a plan that relies on more than $500 million to help the Mayo Clinic expand in Rochester should go back to the drawing table. In a hearing Tuesday, House Taxes Committee chair Ann Lenczewski said she has deep concerns about the plan's financing.
Play5min 22secHow does Mayo stack up against its competitors?March 1, 2013 12:56 PMBy Elizabeth BaierMinnesota's Mayo Clinic wants to secure its position as a leader in the health care industry, and has proposed a $5 billion expansion plan to accomplish that goal. But Mayo faces competition from several well-funded global medical centers, and that's part of the reason the clinic says it needs to build for the future.
Play3min 35secMayo reports solid 2012 despite income dropFebruary 27, 2013 4:23 PMBy Elizabeth BaierRochester-based Mayo Clinic reports a large decline in its bottom line last year, but officials are still calling the results a solid financial performance. Clinic officials say the drop in income was by design, but is also due in part to a large payment to its pension plan.
Play4min 41secMayo, a financial powerhouse, is poised to propel expansionFebruary 25, 2013 4:00 AMBy Martin MoylanMayo 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. But does Mayo itself have the money needed to pull off such a huge project?
Play4min 04secMayo vs. Vikings stadium: state aid requests comparedFebruary 22, 2013 3:48 PMBy Tim NelsonThe Mayo Clinic's request for taxpayer help to become what it calls a Destination Medical Center is drawing comparisons to the Vikings' bid for a new football stadium.
Play4min 01secMayo's expansion may create jobs, but how many?February 21, 2013 11:27 AMBy Annie BaxterThe Mayo Clinic said its planned expansion will create about 35,000 jobs in Minnesota; 10,000 to 15,000 of those jobs would involve direct employment at Mayo. Some experts are skeptical of the job projections.
Play3min 01secMayo expansion bill eases past 1st Capitol hurdleFebruary 14, 2013 3:31 PMBy Tom ScheckA bill that would finance redevelopment around the Mayo Clinic's proposed expansion in Rochester is starting to move through the Legislature.
Play4min 15secSome DFL lawmakers say Mayo Clinic finance plan is a bad ideaFebruary 1, 2013 5:53 PMBy Tom ScheckSome state lawmakers say questions the wisdom of financing public improvements around the Mayo Clinic's proposed expansion in Rochester. The health care provider announced a plan this week for investments totaling more than $5 billion over the next two decades that rely on about a half a billion dollars in taxpayer money. Even Gov. Mark Dayton expressed concern about the precedent it would set, but he said he doesn't want Minnesota to lose the clinic's headquarters.
Play4min 21secCompetitive challenges face Mayo Clinic, says health finance expertJanuary 31, 2013 5:08 PMBy Tom CrannMayo Clinic unveiled a proposal yesterday to invest $3.5 billion to expand its Rochester campus over the next 20 years.
Play3min 45secMayo Clinic's 'destination medical center' needs taxpayer helpJanuary 31, 2013 4:00 AMBy Elizabeth BaierMayo proposes to invest billions over two decades to make Rochester and surrounding communities a "destination medical center." But to get that done, Mayo needs help from taxpayers.