Gov. Mark Dayton has appointed four people to serve on the eight-member board that will oversee a massive development surrounding the Mayo Clinic in Rochester.
Dayton on Tuesday appointed his chief of staff, Tina Smith, to serve on the board, along with outgoing Minneapolis Mayor R.T. Rybak, retired Wells Fargo executive James Campbell and Susan Rani, president of Rani Engineering. The Mayo Clinic has also appointed Bill George, a member of the clinic’s board of trustees and a former CEO of Medtronic, to the board.
Rochester Mayor Ardell Brede and City Council President Randy Staver will also serve on the board, and Olmsted County will appoint the final board member.
The Destination Medical Center (DMC) Board will oversee the use of a $455 million public subsidy for the project appropriated by the Legislature this spring. Under the terms of that deal, the world-famous Mayo Clinic is promising to pump $3.5 billion of it’s own money into the project, and local governments will contribute $128 million. The clinic also hopes to leverage $2 billion in private investment for the project. The board will also be responsible for approving the DMC development plan and oversee the operation of the Destination Medical Center Corporation (DMCC).
“This monumental public-private partnership will create tens of thousands of new jobs in our state, and accomplish great things for the people of Minnesota,” said Dayton said in a statement. “Knowing the great importance and lasting significance of this initiative, I have selected well-respected, effective leaders with proven records of success; people who can see the big picture, and then actualize it. The men and women I have asked to take on this important work are as excited as I am by this tremendous opportunity, and are strongly committed to its success.”
Dayton has appointed Campbell and Smith to six-year terms on the board. Smith was Dayton’s point person on the project during the legislative session, while Campbell has amassed a 38-year career in finance with many of Minnesota’s largest companies.
Rybak and Rani will both serve four-year terms. Rani is a “registered professional engineer with more than 30 years of experience in the planning, design, and construction of buildings, industrial facilities, highways, railroads, airports, waterways, and wastewater treatment plants,” according to the release. The state dollars for the project will be used to build out local infrastructure improvements needed throughout the development.
Dayton touts Rybak as a mayor who used a “multi-pronged approach” to creating jobs in Minneapolis. “Under his leadership, Minneapolis has topped many national lists of the best cities in which to live, work, visit, and do business,” according to the release. “Mayor Rybak understands how to create successful partnerships between the public and private sectors.”