The Minneapolis Star Tribune reports that the Mayo Clinic’s Destination Medical Center, project in Rochester, Minn., Mayo’s h0me town, is on track to reach its $200 million private-investment goal. That’s what it must reach to get hundreds of millions of dollars in taxpayer money.
The Minnesota legislature awarded Mayo Clinic $585 million in public funding in 2013. After receiving $87.6 million in private investments last year, the clinic’s goal to reach $200 million is within sight, said Mitchell Abeln, director of finance for the Destination Medical Center Economic Development Agency, reports the Star Tribune.
So far, it has a total of $152.4 million in private investment.
The Destination Medical Center project is meant to make Rochester even more of a destination center for patients and their families from across the world than Mayo’s fame has already made it.