ROCHESTER – For months, residents have asked what’s next for Destination Medical Center (DMC), the public initiative that promises to create an international medical hub in southeast Minnesota now that it’s on track to meet its financial goals.
DMC officials revealed few concrete details concerning its future at an annual meeting Thursday, but officials did promise one thing: A lot more construction is in the works for Minnesota’s third-largest city.
“The amount of construction Rochester will go through over the next 10 years is what most cities experience in 100 years,” DMC Executive Director Patrick Seeb told dozens of people at the Historic Chateau Theatre in downtown Rochester.
The Minnesota Legislature in 2013 signed off on $585 million in city, county and state funding for the initiative, which promised to pull in at least $5.6 billion in private investment in Rochester’s downtown over a two-decade period starting in 2015.
DMC is set to surpass that figure after Mayo Clinic announced a $5 billion downtown expansion in 2023. Mayo kicked off construction earlier this year, shutting down a number of downtown streets over the spring and summer. Mayo officials said last month that the most disruptive work is done.
The DMC initiative has spent much of this year touting its work redeveloping downtown and branding the community as “America’s City for Health.”
DMC officials say they’re focused on continuing that goal with three key drivers: creating more public infrastructure for sustainable, health-related projects, attracting more businesses to support and expand the city’s health and medical industries and creating conditions for more research and innovation.
What that actually will look like is unclear, although DMC officials plan to continue trying to attract biomedical and medtech firms to partner with Mayo Clinic’s research arm.