The Mayo Medical Center Development Authority tax plan will have a hearing Wednesday at the Capitol regarding the clinic's planned $5 billion, 20-year expansion.
The Star Tribune reports that Dr. John Noseworthy, president and CEO of the Mayo Clinic, said Tuesday that the clinic doesn't want to leave Minnesota, but the state needs to reach a decision regarding Mayo's intended expansion. He warned the 49 other states are plenty interested if Minnesota is reluctant to contribute.
Noseworthy, a neurologist, said that if Minnesota agrees to half-billion dollar contributions, they will be on track as Mayo wants to stay in Minnesota, where it has been for 149 years. If not, the clinic will have to rethink the best use of its money.
In response to Noseworthy's comments, Dr. Narr from the Mayo Clinic told the House Tax Committee at the hearing that he's not aware of any discussions or proposals with other states to move and expand the Mayo Clinic.
Noseworthy said $3.5 billion would come from the clinic and $2 from potential private investors. The proposed state funding wouldn't go right to the clinic, but for infrastructure improvements to allow for expansion within the city of Rochester.
The House Tax Committee hearing is set to take place at 12:30 p.m.