WCCO EYE4 LOGO WCCO Radio wcco-eye-white01, ww color white

Latest News

Revised Mayo Financing Plan Expected By Next Week

View Comments

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. DeRusha Eats: Brake Bread
  2. Husband And Wife Die 15 Hours Apart
  3. Polk County Sheriff's Deputy Laid To Rest
  4. Como Zoo Animals Visit WCCO
  5. Troops Homecoming Sweetened By Local Girl Scouts

ST. PAUL, Minn. (AP) — A reworked plan to finance public portions of a massive Mayo Clinic expansion in Rochester is expected to be ready by early next week.

Rep. Kim Norton says officials are fine-tuning a proposal that could shift more costs to local taxpayers and rely on bonds that put fewer burdens on the state. Mayo says it and private partners will invest billions in an expansion if the state commits as much as $585 million for upgrades to roads, sewers and other public assets.

Mayo officials contend growth in tax revenue from the new development and related jobs will be enough to repay any public debt.

Dr. Bradly Narr of Mayo had to respond to lawmakers irritated by the clinic’s CEO, who told a reporter in Washington that 49 states would covet Mayo. Some lawmakers saw Dr. John Noseworthy’s remark as a relocation threat, with Rep. John Lesch of St. Paul calling it “dumb.” Narr says Mayo remains committed to Minnesota as the most logical place to grow.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus