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 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
;
Coalition for Rochester Area Housing
;
Community Health Assessment Process
;
DMC Dashboard
;
Discovery Walk Co-designing
;
Heart of the City Peace Plaza Public Realm
;
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
![](https://lh3.googleusercontent.com/pw/AM-JKLVKwCoc91joreXSJWMBXg70zu3crXlcZJX2FnJpof2U418kSGboZN8djnp6COJxe8hwD0--Rjlufj1aDwBphz9vmcYkJJB1w1bKk4cJyl0NbLQKJY-tG5PtMiVg2vN6AOI4LEJHtPIrEjFxMOgraDL_=w786-h440-no?authuser=0)
2020 Plan Updates
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
Economic-Fiscal Projections/Analysis
- Increases in Jobs
- Increases in Visitation
- Increase in Income, Property, Sales, Hotel-Motel and Other Taxes
- Estimated Indirect Benefits (e.g. jobs, tax base, etc
Other Economic Indicators:
- Increases in Median Income (Above Inflationary Rates)
- Increases in Work Force Population Living in City/County
- Increases of the Gross Regional Product (GRP)
- Increases in Targeted Business/Industry Sector
Real Estate Indicators:
- Number of Building Permits
- Property Tax Collection
- Hotel Occupancy/ADR
- Commercial Rental/Sales Data (e.g. Occupancies, Rental Rates, etc.)
- Retail Rental/Sales Data (e.g. Occupancies, Rental Rates, etc.)
- Residential Home Sales Data §Residential Rental Data (e.g. Occupancies, Rental Rates, etc.
Other Indicators:
- Number/Attendance at Conventions, Exhibitions and Other Events at Mayo Civic Center
- Visitation to Downtown
- Transit Ridership
Note: above Information based on DMC Plan Draft Section 2.4 Metrics, Measurements and On-going reporting
New Jobs
Rochester added approximately 7,700 positions over the past five years, with growth concentrated in healthcare and additional jobs added in retail, hospitality, research and office segments. More than 80 percent of the new jobs paid more than Rochester’s Area Median Income of approximately $75,000. More local women and minority owned businesses are needed to fulfill the DMC vision and the project is on track to meet its 2035 jobs goal.
New Investment
Private investment during Phase 1 exceeded goal and totaled $963 million, which leveraged $98 million of public investment, including TIF funds. In all sectors except hotels, actual buildouts exceeded planned square footage. Projections indicate strong Phase 2 public funding while the impact of COVID-19 will influence how private investment occurs in 2020-2024.
New Tax Revenue
Phase 1 programs and investments delivered a tax revenue impact equal to roughly 12 percent of the goal, ahead of projections. New job creation has been the main driver of increased tax revenue. The impact of the COVID-19 pandemic on future tax revenue projections is being analyzed. DMC is working with the city and other collaborators to update the relevant economic models and projections.
Plans and Prototypes
To create the DMC Development Plan, DMC EDA recruited a group of the nation’s leading development and planning consultants to work in collaboration with the City of Rochester, Olmsted County, Mayo Clinic and community stakeholders. More detailed planning exercises with numerous organizations have also occurred, focused particularly on public realm planning, mobility options, housing needs and downtown energy district planning.
Transforming Experiences
The DMC team forged new partnerships with a range of community stakeholders to advance DMC’s core goal of delivering the highest quality patient, visitor and community member experience now and in the future. The “When in Rochester” app and a new RDA Ambassadors program grew out of ongoing efforts to ease stress for visiting patients and their companions and improve their stay experience from arrival through shift from clinical care to free time and end-of-day activities.
Full Screen
Full Screen View
References
Beam DMC Portal
Key reports on: Destination Medical Center (DMC)
Proceedings
May 2024 DMCC Board Meeting and City, County, DMC Joint Meeting
Feb 2024 DMCC Board Meeting
Read more ...
Feb 1, 2024 DMCC Board Meeting
Private investment metrics Slide
Video Clip
PB Reporting
Read more ...
November DMCC Meeting Info
September DMCC Meeting Info
May DMCC Meeting Info
Read more ...
1. September 2023 DMCC Board Meeting:
2. Meeting Package,
3. Meeting Slides,
4. Video Recording
5. Breakouts
Read more ...
March 2023 Executive Committee Meeting;
Feb 9 2023 DMCC Board Meeting and City, County, DMC Collaborative Session
Read more ...
November 2022 DMCC Board Meeting: notable topics: Experience Metrics, Soldier Fields, Equitable development, Discovery square, Heart of the City
Read more ...
November 2022 DMCC Meeting: Featuring Equity Development
Read more ...
July 2022 Destination Medical Center Information Sheet.
Read more ...
February 3, 2022
DMCC Board Meeting
City, County, DMC Board Collaborative Session: Featuring Thomas Fisher
Read more ...
November 4, 2021
Project Discussion (City of Rochester, EDA: Experience metrics, Business Development,
Project Updates: A. Heart of the City 27 B. Riverfront Reimagined 29 C. Rapid Transit Corridor Development 31 D. District Energy 33 E. McKnight Foundation Grants
September 20211 DMCC Board Meetings information.
Read more ...
(1) November 2020 Board Meeting (2) 5 Year DMC Plan Updates and Covid Effects
Read more ...
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 ...
September 2019 DMCC Meeting memo about metrics dashboard.
Read more ...
|