HomeMy WebLinkAbout3/26/2020 DMCC Executive Committee Meeting - PresentationDestination Medical Center Corporation
Executive Committee Meeting
Thursday, March 26, 2020
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.
Coronavirus Pandemic
Discussion
•City of Rochester
•Olmsted County
•DMC EDA
Partner Remarks
•Accelerate Job Creation
•Keeping our foot on the gas
•Economic Recovery and Resilience
DMC Support Areas
•Fast Track Projects
•Heart of the City
•Discovery Square 2
•Discovery Walk
•Transportation
•Developing evidence-based COVID-19 construction safety
protocols
•Implement “hyper-local” bidding strategies
Accelerate Job Creation
•Marketing
•Business Development
•Strategic Relationships (eg, Medical Alley)
•Investor/Developer recruitment
Keeping our foot on the gas
Key Features:
•Resource development
•Communications
•Tools for resource navigation
•Workshops
•One-on-one coaching
•Hotline
Partner to establish Economic Recovery
and Resilience program
Leverage DMC assets/core
competencies:
•Business transition and
innovation
•Start up space development
•Heart of the City Business
Forward Platform
•Resource reallocation
Reference: International Economic Development Council (IEDC) Toolkit: Leadership in Times of Crisis
April 1st Report to DEED
•Private (Non Mayo) within DMC District
•Private (Mayo) within the City of Rochester
•Private Investment Leads to Community Benefits
Annual Report of DMC Private Investment
•2019 Private Investment: $272.1M
•Cumulative DMC Private Investment: $962.8M
Investment
2019 DEED Submission Highlights
2019 Non-Mayo Clinic Private Investment:
$133M
Terry Spaeth, AICP
City of Rochester, Assistant City Administrator
The Maven on Broadway
$18.4M –Discovery Square
Residential & Commercial
429 South Broadway, Rochester
Berkman Apartments
$59M –Saint Marys Place
Residential, Office, Commercial
217 14th Ave. SW Rochester
More than 30 projects include, but are not limited to, improvements to
retail space, residential units and other commercial space.
Ranges from thousands of dollars to millions of dollars.
2019 DEED Submission Highlights
2019 Mayo Clinic Investment:
$139.1M
Doug Holtan
Mayo Clinic, Chair of Facilities and Support Services
Saint Marys Modernization and Growth
$48.1M -Saint Marys Place
Mary Brigh East Tower & OR Fit-Up
$17.8M -Saint Marys Place
Mayo Fit -Up in One Discovery Square
$8.8M –Discovery Square
2019 DEED Submission Highlights
•Non-Mayo Clinic Private Investment: $133M
•Private Investment by Mayo Clinic: $139.1M
•Total 2019 Private Investment submission: $272.1M
Cumulative private investment now totals $962.8M
Community Benefit
Highlights
•New Jobs & Businesses
•Greater Arts & Culture Programming
•Improved Streets and Walkways
•Increased Mobility Options
•Accessible Public Spaces
•Downtown Vibrancy
DMC Development Plan
Five Year Update
Update to DMC Development Plan
•Legislative Requirements
•Benchmarking DMC Goals
•Guiding Principles
2015-2019 Planning Efforts
May
2020
Timeline
January
2020
DMCC Meeting
Collaborative Meeting
CC + County Bd.Update
DMCC Meeting
CC + County Bd
Update
CC + County Bd
Update
CC adoption of plan
September
2020
DMCC Meeting
CC + County Bd.Update
Update to
July 2019
Interview
group
2020 workplan and budget approved by DMCC &CC.……....
Plan Update…………………………………………………………………………………………….
DMCC reviews plan & submits to City.……………………………………………..…………………………..…………..
City public comment period and plan adoption………………………………………………………………………..……
DMCC adoption of plan..……………………………………………………………………………………………………………………………………..……….
July
2019 Oct.-Nov.
2019
Update Scoping……………………………………….
Stakeholder & partner interviews
Assessment of current development plan
Cataloging of subsequent local implementation plans
Review of other contemporary planning examples
Proposed Update Outline
Sample Section
Framework for each major section:
-Define what “Topic” means
-Summary of what original plan called for in this topic area
-Directions to relevant documents
-What was accomplished 2015-2019
-Major projects for the next 5 years 2020-2025
-Anticipated partnerships and DMC’s role
Additional Considerations
•Resiliency/Climate
•Data Policy + Smart City Strategy
•Affordable Housing
•Equity +Inclusion
•“Future-proofing” strategy(economic downturn, technological changes, etc.)