DMC celebrates progress; Approaching half way mark of 20 year plan
(ABC 6 News) – The future of downtown Rochester is on track to complete it’s 20 year vision.
Destination Medical Center (DMC) is the states largest economic development plan. Private investors invested 5 billion dollars into the project. On Thursday, DMC held its annual meeting; sharing with the community where it’s at with it’s projects, and what is in store for the future.
The 20 year project is about half way through. Despite some setbacks the last few years, DMC says it’s still right on track.
“There was a recognition that we should do the infrastructure work during the pandemic, so that we are stronger coming out of it,” Executive Director, Patrick Seeb said. “… And we’re very fortunate, we had no idea of the cost escalation and the supply chain issues that we would be facing if we were just starting these projects today.”
Rochester Mayor Kim Norton said it hasn’t been easy. Acknowledging businesses that have been struggling or had to close do to construction of the new projects. But reminded the community that DMC was able to apply for and won a Department of Economic Development grant.
“It’s been difficult for businesses these last couple of years,” Norton said. “but this grant, they’ve (DMC) been able to help support local businesses…”
In other buildings that are nearing completion and other building yet to be built, suitors are lining up. Including half a dozen restaurants.
“I think it allows us to kind of be known as a foodie town,” Norton said. “So it’s an exciting change for Rochester.”
Currently there are two projects under construction. One at the Peace plaza and the Two Discovery Square on 5th St SW.