Posted at: 02/14/2013 3:31 PM
ST. PAUL, Minn. (AP) - The Mayo Clinic proposal for government help toward a major expansion in Rochester has eased past its first of many committee stops in the state Legislature.
The House Jobs and Economic Development Committee heaped praise on the concept before endorsing the bill Thursday.
Mayo says it will invest billions in a substantial development plan if the state commits to defraying some public infrastructure costs. Mayo officials propose diverting a slice of future tax revenue to pay for more than $500 million in upgrade costs. Officials insist the money wouldn't directly feed construction at the clinic itself.
Mayo representatives testified that the risk was largely on them, but lawmakers say they are mindful that they could be setting a precedent that other companies and communities would come to expect.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)