MINNEAPOLIS – The long-troubled "Block E" area of downtown Minneapolis was re-branded Tuesday as "Mayo Clinic Square." The announcement was made by the Timberwolves officials who will be the main tenant of a revamped third floor.
The $50 million project is to be completed in time for the 2014-15 Timberwolves season. It combines the teams' practice facility with a state-of-the-art Mayo Sports Medicine Clinic.
"I sort of feel like I'm at a wedding here. Let me welcome you all to Mayo Square," gushed Rob Moore, Timberwolves/Lynx CEO. "Be the first to introduce it as Mayo Square."
"Mayo Clinic will open a 20,000 square foot sports medicine center," said Dr. Michael Stuart, Mayo Clinic Sports Medicine Center. "Services in this new facility will include the evaluation, treatment and rehabilitation of injuries, but also performance solution programs in sports specific skill development."
"This relationship is something that is so unique," said Flip Saunders, Timberwolves President. "No one in the NBA has anything like this, where you can really across the door and you have got your medical people right there."
The entire project is to be done without any public subsidies.
"The transformation will begin immediately," said developer Phillip Jaffe. "We will be investing over 50 million dollars in the redevelopment with the goal of completing all the improvements by year end 2015."