Rochester Minnesota's Ambitious 20 year, $6.5 Billion Dollar Plan

[Bayard P.]

Didn't see any extensive discussion around BP about this.  Small city Rochester Minnesota, home of the prestigious Mayo Clinic plans to become global biotech hub/destination medical centre.  THE $6.5 BILLION, 20-YEAR PLAN TO TRANSFORM AN AMERICAN CITY - Fast Company .  Does this mark a good time to invest in this small town city looking to grow into a big town city?  Anyone have any comments/experience on the current investment market in the city?

Highlights of the article:

Mayo Clinic economic hub of the city

Expected to double population from current pop. 110,000

Create 25k to 45 k jobs (Mayo Clinic plans to create 15k)

Redesign downtown and 7 newly created neighbourhoods

Rail link to Minneapolis 

Foreign investments pouring into the city from Hong Kong and Saudi Arabia

Residents concerns: 

-influx of out of town construction workers

-under funded infrastructure projects

-lack of clarity on spending

-affordable housing