Tuesday Talk: Is Mayo worth the investment?
The Mayo Clinic’s request for $585 million in taxpayer funding (which includes special taxing authority in Rochester) to fund public infrastructure costs for its $6 billion expansion has a number of pros and cons. A Mayo press release promises at least 35,000 new jobs and $3 billion in new tax revenues.
Our Lee Egerstrom says such an expansion has the potential to create spin off companies and new medical industries. However, a billion dollar state budget deficit makes this a tough sell. MN 2020 readers have expressed concerns about who will really benefit from public infrastructure investments.
What do you think? What are your pros and cons on using taxpayer dollars to invest in the Mayo Clinic?