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Destination Medical Center (DMC)

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Intended to bring to Rochester, Olmsted County and Minnesota private investment in excess of $5.6 billion: • Seeks to create at least 35,000 new jobs in Minnesota and bring tax revenue in excess of $7 billion to the State • Intended to give prospective employees,patients and visitors substantial reason to consider Rochester their ‘destination’.

Read more on DMC site ...

Project Impact(s): Arts & Culture, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity

This project is in Available Phase.

  • Please scroll the following to view Beam's understanding of the project's strategy, indicators, expected results, and monitored metrics.
  • Please click this Link to get to the mainline view of the project.

 

Collaborators, Project Type, Impacts, Related Projects

 


Collaborators 

Lead Organization: DMC EDA

Contact: Patrick Seeb ; Email: TBD ; Phone: TBD

Known/Likely Collaborators: City of Rochester, MN ; County of Olmsted, MN ; DMC EDA ; Mayo Clinic ; Rochester-Area Economic Development Inc (RAEDI) ; Rochester-area Chamber of Commerce ; Southern Minnesota Initiative Foundation

Potential Collaborators:


Related Projects

Age-Friendly Olmsted County (AFOC) Plan ; America's City for Health ; Chateau Theater ; Community Health Assessment Process ; DMC Dashboard ; Discovery Walk Co-designing ; Heart of the City Peace Plaza Public Realm ; Housing Alliance Coalition ; Journey to Growth Plan ; LINK - Bus Rapid Transit ; Mayo Clinic Bold Forward Unbound ; Planning To Succeed: Rochester 2040 Comprehensive Plan (P2S) ; Saint Marys Place: Holiday Inn Project ; Sustainability and Resiliency Action Plan ; University of Minnesota, Rochester Master Plan


Impacts 

Major Impact:  Economic Development

PlanScape Impacts :

Level 1: Arts & Culture, Economic Development, Housing, Sustainability, Transportation, Workforce Development, Vision/Identity

Level 2: Best Practice, Business Process, Livable City, Hotel & Hospitality, Retail, Dining & Entertainment, Arts & Culture, Technology, Health & Wellness, Education/Learning Environment, Sports, Recreation, Nature, Heart of the City, Discovery Square, UMR and Recreation, Central Station

DMC Impacts:

Livable City, Hotel & Hospitality, Arts & Culture, Technology, Health & Wellness, Education/Learning Environment, Sports, Recreation, Nature

Community Health Impacts:


Type of Project

Planning  

 


 

Detailed Description

Hot Links:         

Live Stream DMC Blog    

BEAM DMC Plan Portal

 


 

 

 

2020 Plan Updates

 

 

Strategy

2020 Plan

 

 

 


 

1. Create a comprehensive strategic plan with a compelling vision that harnesses the energy and creativity of the entire community.

2: Leverage the public investment to attract more than $5 billion in private investment to Rochester and the region.

3. Create approximately 35,000 – 45,000 new jobs, with workforce development strategies that support that growth.

4. Generate approximately $7.5 - $8.0 billion in new net tax revenue over 35 year. 

5. Achieve the highest quality patient, companion, visitor, employee, and resident experience, now and in the future.

DMC 2019 Workplan

Per November 2018  DMCC Board Meeting: DMC 2019 Workplan  

 

 

2016 Work Plan

Click to view fullscreen

Drive subplans

DMC Heart of the City ; Discovery Square Feasibility Study   Transportation: DMC Transportation Framework 

 

Expected Results

The following is based on this document => Metrics Section of the DMC Plan 

Results

  • Intended to bring to Rochester, Olmsted County and Minnesota private investment in excess of $5.6 billion:
  • Seeks to create at least 35,000 new jobs in Minnesota and bring tax revenue in excess of $7 billion to the State
  • Intended to give prospective employees,patients and visitors substantial reason to consider Rochester their ‘destination’.

 

September 26, 2019 Updates

 

 

Outcome Indicators

Economic-Fiscal Projections/Analysis 

  1. Increases in Jobs
  2. Increases in Visitation
  3. Increase in Income, Property, Sales, Hotel-Motel and Other Taxes  
  4. Estimated Indirect Benefits (e.g. jobs, tax base, etc

Other Economic Indicators:

  1. Increases in Median Income (Above Inflationary Rates)
  2. Increases in Work Force Population Living in City/County
  3. Increases of the Gross Regional Product (GRP) 
  4. Increases in Targeted Business/Industry Sector

Real Estate Indicators:

  1. Number of Building Permits
  2. Property Tax Collection
  3. Hotel Occupancy/ADR
  4. Commercial Rental/Sales Data (e.g. Occupancies, Rental Rates, etc.)
  5. Retail Rental/Sales Data (e.g. Occupancies, Rental Rates, etc.)
  6. Residential Home Sales Data §Residential Rental Data (e.g. Occupancies, Rental Rates, etc.

Other Indicators:

  1. Number/Attendance at Conventions, Exhibitions and Other Events at Mayo Civic Center
  2. Visitation to Downtown
  3. Transit Ridership

 

Note: above Information based on DMC Plan Draft Section 2.4 Metrics, Measurements and On-going reporting

 

 


Key reports on: Destination Medical Center (DMC)


1H 2024 Destination Medical Center (May 24, 2024)
Proceedings

May 2024 DMCC Board Meeting and City, County, DMC Joint Meeting

Feb 2024 DMCC Board Meeting

Read more ...


Destination Medical Center (DMC) Investment Metrics Slow Down Trend (February 12, 2024)

Feb 1, 2024 DMCC Board Meeting

Private investment metrics Slide

Video Clip

PB Reporting

Read more ...


2H 2023 Destination Medical Center (DMC) Meeting Informaiton (December 13, 2023)

November DMCC Meeting Info 

September DMCC Meeting Info

May DMCC Meeting Info 

Read more ...


Destination Medical Center 3Q 2023 Reports (October 01, 2023)
1. September 2023 DMCC Board Meeting:

2. Meeting Package,

3. Meeting Slides,

4. Video Recording 

5. Breakouts

Read more ...


1Q 2023 Destination Medical Center (DMC) Reports (March 23, 2023)

March 2023 Executive Committee Meeting;

Feb 9 2023 DMCC Board Meeting and City, County, DMC Collaborative Session

Read more ...


Destination Medical Center (DMC) (November 12, 2022)
November 2022 DMCC Board Meeting: notable topics: Experience Metrics,  Soldier Fields, Equitable development, Discovery square, Heart of the City

Read more ...


Destination Medical Center (DMC) (November 11, 2022)
November 2022 DMCC Meeting: Featuring Equity Development 

Read more ...



DMC Information (September 13, 2022)
July 2022 Destination Medical Center Information Sheet.  

Read more ...




Destination Medical Center (DMC) 2H 2021 Meetings (November 14, 2021)
November and September 20211 DMCC Board Meetings information.

Read more ...




November 2020 DMCC Board Meeting (November 21, 2020)
(1) November 2020 Board Meeting (2) 5 Year DMC Plan Updates and Covid Effects

Read more ...


Destination Medical Center (DMC) Plan 5 Year Update (November 19, 2020)
November Newsletter, 5 Year Plan Update draft, webinars on land investments, DMC status and Covid impacts. Reminder to comment on 5 year plan update 

Read more ...


Destination Medical Center (DMC) 2020 and 2019 Workplans (November 12, 2019)

November 12 DMCC Board Meeting and October 2019 DMCC Board Updates (Special DMCC Board Meeting), Funding Request Memo, 5 Year Capital Plan, 2020 DMC CIP Infrastructure Projects, DMCC 2020 Workplan and Budget Presentation to DMCC Board September 2019, Funding Section Presentation, Funding/Work plan Doc 

Read more ...


Destination Medical Center (DMC) September 2019 (September 26, 2019)

September 2019 DMCC Meeting memo about metrics dashboard. 

Read more ...



 

Last modified by allnode on 2023/12/02
Created by on 2014/05/11

 

 

 

Site Information
Project Phase Definitions
The following defines the various project phases:
  1. Available - a product, program or service is in production
  2. Develop - program or application is being developed
  3. Plan - idea is solid, stakeholders are identified, and there is strong commitment to go forward from all parties.
  4. Concept Phase - idea scoped out with enough details to give an early sizing and/or to build a proof of concept
    demonstration
  5. Pre-concept Phase - an early idea or a requirement.
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