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Financing for huge Mayo ‘Destination’ project on track

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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.

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