The person heading up the Destination Medical Center development arm tells Minneapolis business officials the expansion will boost demand for workers and help sell them on Rochester.
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Tentative budget deal helps Rochester avoid tax hike
A proposed compromise at the Capitol would allow Rochester to tap a pair of local sales taxes rather than resort to a property tax hike to cover costs associated with the Destination Medical Center.
Read More »Rochester sets diversity mandates for public projects
Some say goal for women and minority contractors working on Destination Medical Center projects should be higher.
Read More »Officials prioritize ‘seamless’ review for projects in Rochester build-out
The city and an economic development agency linked to the Destination Medical Center are close to finalizing a formal application process designed to provide prospective projects a clear path.
Read More »Rochester begins tackling diversity in downtown build-out
The city has set a 4 percent target for women and minority contractors working on state-backed projects, including public infrastructure upgrades tied to the Destination Medical Center.
Read More »Rochester might hike property taxes without legislative relief
A legislative fix for Destination Medical Center spending faltered, fanning concerns that Rochester could have to find additional funding streams down the line – possibly though a property tax hike affecting its 110,742 residents.
Read More »Lawmakers mull looser restrictions on Rochester project spending
Bills in both chambers aim to broaden what counts toward the $128 million the city has to spend on the ambitious Destination Medical Center project.
Read More »Middle East developer eyes Rochester for high-rise
Bloom International Realty wants exclusive negotiation rights to buy a two-block strip of city land for a riverfront project that could include a hotel, offices, and apartments.
Read More »Where to begin transformation in Rochester?
The Destination Medical Center Corporation board approved submitting the development plan to the city of Rochester to kick-start the development process for the multi-billion dollar project.
Read More »Mayo financing fix, tax conformity advance
A federal income tax conformity bill and a “quick fix” to the DMC legislation are both zipping through the committee process in the House and Senate.
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