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BY THE RECORDASHEVILLE

Also known as 2024 General Obligation Bond program ($80 million)

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2024 bond program

The $80 million voters approved in 2024: $20 million each for housing, transportation, parks and public safety.

Address
Citywide (project list on the City's 2024 GO Bond page)
Program
2024 bond referendum

In plain English

Four voter-approved bond questions of $20 million each: public safety facilities, transportation (resurfacing, sidewalks, greenways), parks and recreation, and affordable housing. The City borrows against future property taxes to pay for a listed set of projects.

Where it stands

All $80M is budgeted, but the record reviewed shows no bonds sold yet. Most projects are in design. The housing bond has $16.1M allocated and $3.9M left, and the City delayed the tax increase for debt service in FY2026 because of Helene.

Next

Construction starts are scheduled from late 2026 (Malvern Hills) into 2027 (Lexington Avenue, London Road, Fire Station 9, Reed Creek). The record does not yet give a date for selling the bonds.

Last on the public record Jul 29, 2025 (15 months ago). No public update in 12+ months.

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The pool and brick bathhouse at Malvern Hills Park (City alt text: "pool house at malvern hills pool")
The pool and brick bathhouse at Malvern Hills Park (City alt text: "pool house at malvern hills pool").Photo: City of Asheville. Source, Official publication; reuse terms not stated.

Stage by stage

Why it matters: Each stage is checked against a public record. A stage with no record yet is shown as not verified.

  1. ApprovedConfirmed, Nov 5, 2024Voters approved all four bonds
  2. FundedPartly confirmedAll $80 million budgeted in March 2025; no bond sale in the record yet
  3. ConstructionNot verifiedFirst construction is set for late 2026 at Malvern Hills Park
  4. FinishedNot verified

The cost over time

Why it matters: Big projects often get new cost estimates as plans firm up. Each one is shown with the date it was published.

  • Nov 5, 2024 Authorized by voters$80.0 million

Timeline

  1. Jul 23, 2024

    Council held public hearings and adopted four $20M bond orders (housing, transportation, parks, public safety) and set the referendum. Each vote was unanimous; the public safety order is quoted.

  2. Nov 5, 2024

    Voters approved all four bond referendums ($80M).

  3. Dec 10, 2024

    Consent agenda certified the Nov. 5, 2024 referendum results; all four passed. Vote: unanimous.

  4. Mar 4, 2025

    LGC approved the City moving forward with the GO bonds.

  5. Mar 11, 2025

    Consent agenda budgeted the full $80,000,000 in the General Capital Projects Fund after LGC approval on Mar. 4, 2025. Vote: unanimous.

  6. Jul 29, 2025

    Consent agenda awarded the Walton Street Park design contract ($140,000) and the Fire Station 9 design contract (see fire-station-9). Vote: unanimous.

  7. Sep 9, 2025

    Council allocated $10M of the housing bond to the WNC Affordable Housing Loan Fund. Vote: unanimous (Mayor recused).

  8. Sep 9, 2025

    Consent agenda awarded NV5 the London Road sidewalk design and construction administration contract ($265,763). Vote: unanimous.

  9. Jul 28, 2026

    Council approved a Home Repair Policy and allocated $3M of the housing bond to it. Vote: unanimous.

  10. Late 2026, planned

    Malvern Hills Park and pool: construction to begin in late 2026, and the pool is to open for summer 2028.

  11. Jan 2027, planned

    Lexington Avenue sidewalk: bid this fall, with construction starting January or February if adequate bids come in.

  12. 2027, planned

    London Road sidewalk construction estimated to begin.

  13. 2027, planned

    Fire Station 9 construction start (see fire-station-9).

  14. Late 2027, planned

    North Reed Creek Greenway extension construction estimated to begin.

Contracts

  • ADW Architects, P.A.

    Oakley Fire Station 9 design

    Amount
    $1.1 million
    Date
    Jul 29, 2025
    The Council decision →

  • Progressive Architecture Engineering, P.C.

    Walton Street Park design

    Amount
    $140,000
    Date
    Jul 29, 2025

  • NV5 Engineers and Consultants, Inc.

    London Road sidewalk design and construction administration

    Amount
    $265,763
    Date
    Sep 9, 2025

  • Self-Help Ventures Fund

    Loan administration, underwriting and servicing for the WNC Affordable Housing Loan Fund (fee not stated)

    Date
    Sep 9, 2025

Money, by stage

Why it matters: Money is listed at its own step, such as set aside, committed or spent. The steps are never added together.

  • Allocated: GO bonds, all four categories, budgeted in the General Capital Projects Fund 'funded with future debt proceeds': $80,000,000 (Mar 11, 2025)
  • Allocated: Housing bond: total allocated by Council to date (Loan Fund $10M, 319 Biltmore $1.5M, Oak Hill $1.6M, Home Repair $3M): $16,100,000 (Jul 28, 2026)

Decisions about it

Not verified yet

  • No sale of the 2024 bonds appears in the record reviewed.