Wednesday, December 8, 2010

Cleveland Clinic CEO Throws Taxpayers Under the Bus

Posted By on Wed, Dec 8, 2010 at 12:59 PM


The man who dreamed up and championed the Medical Mart that will cost county taxpayers $800 million, seems to have suddenly gone laissez-faire about the project. Some might even say Cleveland Clinic CEO Delos “Toby” Cosgrove’s recent comments sound downright flippant.

In a comprehensive article somewhat critical of the Med Mart’s chances of success, Bloomberg News reported Monday that Cosgrove didn’t see many disadvantages to it. Fair enough, although when doling out so much cash, it would have been more encouraging to hear that he sees few, or zero disadvantages. But then, there was this:

“What’s the worst thing that could happen if this fails?” Cosgrove said. “You have a brand new building and a new convention center. So the downside isn’t too bad.”


Considering Med Mart developer, MMPI, hasn’t yet produced any signed contracts with tenants wanting to lease space, the worst that could really happen is that the most expensive publicly funded private project on record sticks us with a half-empty building good for nothing more than gazing upon it’s acclaimed “pixelated” façade.

Any mention of failure coming from someone who started the ball rolling by introducing the city to MMPI is especially disconcerting. If Cosgrove has had the slightest reservations that the Med Mart concept would fail to bring the coveted medical types to town, it would have been infinitely more useful if he’d voiced them before the county made it the deal final last week. — Maude Campbell

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