HomeMy WebLinkAbout3/21/2019 DMCC Executive Committee Meeting - PresentationDestination Medical Center Corporation
Executive Committee Meeting
Thursday, March 21, 2019
With Mayo Clinic at its heart, the Destination Medical Center (DMC) initiative will be the catalyst
to position Rochester, Minnesota as the world’s premier destination center for health and wellness;
attracting people, investment and jobs to America’s City for Health
and supporting the economic growth of Minnesota and its biosciences sector.
Annual Report
of
DMC Private Investment
•Annual Report of DMC Private Investment
•Private (Non Mayo) within DMC District
•Private (Mayo) within the City of Rochester
•Private Investment Leads to State Support
•2018 Private Investment: $262M
•Total 2013 - 2018 Private Investment: $690.5M
•2019 Anticipated General State Infrastructure Aid: $13.5M
•Total 2017-2019 Anticipated General State Infrastructure Aid: $22.5M
Investment
State Aid
$7M
$39.3M $85.7M $107.2M $86M $126.5M
$20.5M
$38M $45M
$135.4M
0
100,000,000
200,000,000
300,000,000
400,000,000
500,000,000
600,000,000
700,000,000
July - Dec 2013 Jan - Dec 2014 Jan - Dec 2015 Jan - Dec 2016 Jan - Dec 2017 Jan - Dec 2018
Do
l
l
a
r
s
Mayo Clinic Investment Other Private Investment
$690.5M
$428.7M
$46.3M
$152.5 M
$297.7M
Cumulative Total
DMC Private Investment (Construction Costs Spent To Date)
July-Dec 2013 Jan-Dec 2014 Jan-Dec 2015 Jan-Dec 2016 Jan-Dec 2017 Jan-Dec 2018
Mayo Clinic Inv.$7M $39.3M $85.7M $107.2M $86M $126.5M
Non Mayo Private Inv.0 0 $20.5M $38M $45M $135.4M
Total Investment $7M $39.3M $106.2M $145.2M $131M $262M
2018 DEED Submission Highlights
Non-Mayo Clinic Private Investment
Jan 2018– Dec 2018 totaled $135.4M
Hilton Hotel
$50.4M – Downtown Waterfront
Hotel, Restaurant & Retail
10 East Center St.
Rochester
One Discovery Square
$13M – Discovery Square
Bioscience focused lab and office space
202 4th Street SW
Rochester
More than 30 projects include but are not limited to improvements to retail
space, residential units and commercial space.
Ranges from thousands of dollars to hundreds of thousands of dollars.
2018 DEED Submission Highlights
Private Investment by Mayo Clinic
2018 Mayo Investment totaled $126.5M
Saint Marys Modernization and Growth
$52.25M - Saint Marys Place
Mary Brigh 3rd Floor OR Fit Out
$6.5M- Saint Marys Place
2018 DEED Submission Highlights
Non-Mayo Clinic Private Investment
2018 Private Investment totaled $135.4M
Private Investment by Mayo Clinic
2018 Mayo Investment totaled $126.5M
Total 2018 Private Investment submission: $262M
✓Cumulative private investment now totals $690.5M
Destination Medical Center Corporation
Executive Committee Meeting
Thursday, March 21, 2019
With Mayo Clinic at its heart, the Destination Medical Center (DMC) initiative will be the catalyst
to position Rochester, Minnesota as the world’s premier destination center for health and wellness;
attracting people, investment and jobs to America’s City for Health
and supporting the economic growth of Minnesota and its biosciences sector.