2016 Bond Information - The City of Asheville

2024 Bond Referendum: City Council members unanimously took action on Tuesday, July 23 to finalize placing an $80 million General Obligation Bond Referendum on the November 2024 ballot for public vote. City staff and City Council will provide educational information about the bond proposals with the community in September and October leading up to the November 2024 vote. (see GO bond presentation)

In 2016 voters approved a bond referendum to finance capital improvement projects across the city. A total of $74 million was issued for projects categorized by three focus areas:

$17 million for parks
$25 million for housing
$32 million for transportation

These projects help address the city’s unfunded capital needs and supplement funding for projects that are already in the City’s annual budget and capital improvement program (CIP).

Progress

All of the $74 million from the 2016 bond has been spent, encumbered, or committed to specific projects. Project progress is communicated through the Dashboard for CIP and Bond projects and Capital and Bond Project Map. Quarterly updates are also provided to City Council at their regular meetings.

Parks

The $17 million of parks projects support the completion of major improvements to five parks and recreation facilities; acquiring land for parks; and improving outdoor courts, playgrounds and ball field lighting throughout the city.

October 2023 News Post: Bond-funded projects improve Asheville Parks & Recreation sites for community

(Click the image for Parks bond project information from the dashboard)

Housing

The $25 million for housing affordability provides additional support for the Housing Trust Fund and other programs that assist in creating diverse and affordable housing choices. It also enables the City to re-purpose city-owned land for development that supports housing affordability.

Affordable Housing Webpage

(Click the image for Housing bond project information from the dashboard)

Transportation

The $32 million of transportation projects support the completion of road resurfacing and sidewalk improvements; new sidewalk and greenway projects; and pedestrian safety projects such as bus shelters, accessible crossings, signals, and traffic calming.

Transportation Project Lists

Bond Road Resurfacing List
Bond Bus Shelter Location List
Bond Traffic Calming List