Can $5B make Rochester a fun place to live? - New York News

Can $5B make Rochester a fun place to live?

Posted: Updated:
Flickr/CreativeCommons/cogdogblog Flickr/CreativeCommons/cogdogblog
ROCHESTER, Minn. (KMSP) -

The world-renowned Mayo Clinic draws patients from 130 countries, and it's a trend they hope will continue as they invest billions in expanding their campus -- but they want Rochester to expand too.

With the $5-billion investment announced, one of the hopes is that a more vibrant city will give people another reason to visit Rochester.

"We get the clientele that come here from around the world on their Lear jet and say, 'Where's the 5-star hotel,' or , 'Where's the upscale restaurants?'" said Mayor Ardell Brede.

Those in the hospitality business -- like Todd Jensen, with the Loop Bar and Restaurant -- know that area attractions are a must to keep people coming to town.

"We need vibrant bars," he said.

The world-famous clinic is hoping that its $3-billion investment will attract another $2.5 billion to help transform the city where it is headquartered, creating a cultural destination that creates jobs in the process.

"We do need to attract some different talent to keep Mayo at the top of its game," said Deana Chup.

Mayo Clinic is also asking lawmakers to consider $585 million in improved infrastructure development, money that would be paid back through a share of increased revenues as the local economy expands.

"We're not looking for a handout or up-front money from the state," said Dr. John Noseworthy, CEO of Mayo Clinic. "We're seeking an infusion of state dollars on the proof -- not the promise -- of investment."

Mayo Clinic's impact on the state is already estimated at $10 billion annually.

Join our Facebook family

  • Local NewsLocal NewsMore>>

  • Skydiver dies after crashing into NJ backyard

    Skydiver dies after crashing into NJ backyard

    Sunday, April 20 2014 10:56 PM EDT2014-04-21 02:56:44 GMT
    New Jersey NewsNew Jersey News
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had over 300 jumps under his belt.
    A 49-year-old sky diver from Brooklyn died after crashing into the backyard of a home in New Jersey. According to officials, Arkady Shenker wore a specialized parachute during the jump. Shenker was known to be an experienced skydiver who had over 300 jumps under his belt.
  • Boxer Rubin 'Hurricane' Carter dies at 76

    Boxer Rubin 'Hurricane' Carter dies at 76

    New Jersey NewsNew Jersey News
    Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, has died at 76.
    Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, has died at 76.
  • 2 children die in overnight NYC fire

    2 children die in overnight NYC fire

    Sunday, April 20 2014 6:57 PM EDT2014-04-20 22:57:33 GMT
    Police say 4-year-old half siblings have died in an overnight fire at a home in New York City, and the twin of one of the children has survived.
    Police say 4-year-old half siblings have died in an overnight fire at a home in New York City, and the twin of one of the children has survived.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices