Destination Medical Center

The initiative's board approved advancementing the projects during a meeting on Thursday.

Today's event includes remarks by former Governor Mark Dayton and former Mayo Clinic CEO Dr. John Noseworthy.

Mayo Clinic reported revenues exceeding $5 billion for the first three months of the year.

The Rochester City Council will be presented with the updated design and project schedule on Monday.

Mayo's revenues were up more than $10.5%.

City officials say the bid came in with a price tag that was nearly double the size of the project estimate.

The Rochester City Council will review the bid for the Link Bus Rapid Transit system next month.

The project has been awarded almost $85 million in federal funding.

The event still includes a networking opportunity, a program recapping the past year and previewing the future.

The Rochester-based healthcare giant's net operating income for the first half of the year is up 80% from a year ago.