Asheville’s bond fears: The legacy of a financial nightmare

Has Asheville recovered from the trauma of its municipal debt crisis, which spanned the years between 1930 and 1976? The debt had a profound impact on Asheville’s development, its cityscape and, lastingly, its appetite for municipal debt. This year’s $74 million bond referendum will put the city’s confidence to the test when it asks voters to choose whether it’s time for the city to borrow again to finance growth.