- Construction cost $3,000, two-thirds of it contributed by philanthropist George Pack, for whom the square was eventually named.
- The monument was designed by Richard Sharp Smith.
- The base contains a time capsule from 1897, encased in a cornerstone block.
- In 2008, Conservation Solutions Inc. conducted an assessment of Asheville’s public artworks, calling the Vance Monument a high-priority project.
- In 2012, the 26th North Carolina Regiment entered into an agreement with the city to allow the group to raise funds for the restoration.
- In 2014, the 26th Regiment reached its $115,000 fundraising goal.
- The city contributed $11,000 from its public art maintenance budget, to which $40,000 is allocated annually.
- The city will also assume responsibility for and cover the cost of preparing the site, extracting and replacing the time capsule, and repairing the wrought-iron enclosure.
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