Projects for City of Asheville

Project Overview 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 [...]

A bond referendum allows voters to decide whether their local government can issue new debt to fund important projects. In Asheville, approved bond referendums in 2016 and 2024 involve general obligation bonds, which are secured by the City’s commitment to repay them through taxes or other revenue sources.