DMC 'Plan B' heard by Senate Tax Committee - KTTC Rochester, Austin, Mason City News, Weather and Sports

DMC 'Plan B' heard by Senate Tax Committee

Posted:

ST. PAUL. Minn. (KTTC) -- A reworked proposal to fund Destination Medical Center went before the Senate Taxes Committee Monday.

The proposal would require a bigger financial commitment from Mayo Clinic up front, but it comes with a bigger return from the state later.

The plan would withhold state dollars until $250 million is spent on upgrading the clinic and projects around Rochester.  That's $50 million higher than the trigger in a companion House bill.  But in exchange, the Senate proposal would allow for a higher total state contribution, approaching $400 million in aid and tax breaks.

"I want Rochester to be successful, I want Mayo to be successful, and I want the state," said Sen. Rod Skoe, DFL-Clearbrook. "Our responsibility is to make sure that the taxpayers of the state are protected."

"Generally speaking I think a fair amount of positivity around the table and I felt pretty good about how the amendment was received and frankly how the concept was received," said Sen. Dave Senjem, R-Rochester.

According to Mayo Clinic, none of the public money would go toward its buildings. The plan is to have the state help with roads and other public infrastructure.

On Wednesday, the Senate Taxes Committee will hear any proposed amendments and possibly take a vote.

Powered by WorldNow
All content © Copyright 2001 - 2014 WorldNow and KTTC, a Quincy station.
All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service and Mobile Privacy Policy & Terms of Service.

Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Jodi Neyens at (507) 280-5104. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at fccinfo@fcc.gov.