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Minn. – A proposal that could bring thousands of jobs to our area is the focus at the Minnesota State Capitol.
A reworked plan to finance public portions of a massive Mayo Clinic expansion in Rochester is expected to be ready by early next week.
Mayo says it will invest billions in what they call the Destination Medical Center plan, if the state commits as much as $585 million dollars for upgrades to roads, sewers and other public assets.
But the original plan came under some criticism, so lawmakers are working to fine-tune the proposal to come up with a plan b. The revised
plan could shift more costs to local tax payers and rely more on bonds.
This would put fewer burdens on the state.
Democratic State Representative Kim Norton is one of the bill’s authors.
She said they’re working on a plan that she hopes will please everyone.
“I’m confident that the House, and as far as I can tell, the Senate as well, are committed to keeping Mayo here in Rochester, Minnesota. So I do anticipate a solution by the end of the session,” said Representative Norton.
Norton said lawmakers plan to work through the weekend. She said
they anticipate rolling out a plan b as early as Monday.
Mayo officials say growth in tax revenue from the new development and related jobs will be enough to repay any public debt.