- The Destination Medical Center, or DMC, was approved by the city council in March and will be built with $6.5 billion in funding from state government and private partners to renovate the city.
- he plan for the DMC will see swaths of the city renovated, with office space built for pharmaceutical and biotech companies, as well as upscale shops to keep medical employees and their rich clientele happy. Foreign investors from countries such as Saudi Arabia and Hong Kong are funding parts of the construction.
- The DMC isn't without its critics though, with Rochester's citizens reportedly concerned about the vague nature of the project and the $585 million portion of the DMC's fund that will be generated by increased taxes.
A $6.5 billion plan to create a city-sized biotech hub in Rochester, Minnesota
6. 4. 15 by Nate Brown