Mayo-backed Destination Medical Center, a $5.6B project in Rochester, moves forward

Listen
Text
  • Small
  • Medium
  • Large

Destination Medical Center, a $5.6 billion public-private project backed by Rochester, Minn.-based Mayo Clinic, is forging ahead despite the COVID-19 pandemic, according to the Star Tribune

The 20-year initiative, started in 2015, aims to make Rochester a global destination for health and wellness through $5.6 billion in economic development. Mayo Clinic is investing $3.5 billion in the project over 20 years, along with $2.1 billion in additional private investments and $585 million in state funding over the same timeframe.

The plan for the six-district site calls for building new offices, housing, hotels, restaurants, schools, shops, public space and transportation to attract thousands of new residents and workers and establish Rochester as a premier healthcare destination. 

The COVID-19 pandemic, which has changed the way people work and receive medical care, raised questions about how the services and amenities of the Destination Medical Center would fare.  

The project's leaders said that with some tweaks the original plan will stand the test of time, the Star Tribune reported. 

More articles on capital projects: 
DC hospital damaged in explosion; injuries reported
UHS buys 32 acres in Florida for medical campus
6 health systems opening hospitals

 
 

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars