Community Investment Takes Center Stage in Buncombe County

News Summary

Buncombe County recently held a joint board meeting of the Tourism Development Authority, where it announced nearly $10 million in funding from the LIFT Fund. This financing will support crucial community projects, including affordable housing developments and infrastructure improvements. Notable allocations include $4 million for the Ferry Road Affordable Housing project, aimed at creating 645 housing units. The initiative aligns with the county’s goal of enhancing living conditions for residents while promoting community engagement and sustainable tourism opportunities.

Community Investment Takes Center Stage in Buncombe County

On January 29, 2025, the bustling city of Buncombe County held a pivotal joint board meeting of the Tourism Development Authority (BCTDA). This regular monthly meeting was open to the public and offered options for both in-person and virtual participation, ensuring that everyone had a chance to speak up and voice their opinions via Zoom. This engaging approach underscores the community’s commitment to fostering a dialogue on pressing local issues.

Almost $10 Million Awarded from the LIFT Fund

During this crucial meeting, the BCTDA announced an impressive allocation of $9,988,903 from the Legacy Investment from Tourism (LIFT) Fund. This funding will support various projects that aim to benefit the community beyond just tourism. It’s a fantastic news for residents, highlighting that tourism revenue is being redirected to address critical community needs.

Major Housing Developments on the Horizon

One of the standout projects receiving significant funding is the Ferry Road Affordable Housing project, which is set to receive $4 million. This project is projected to create a whopping 645 housing units, with a remarkable 55% of those units designated as affordable homes. This initiative aligns with the county’s objective to enhance affordable housing options, addressing a growing community concern.

Infrastructure Improvements Coming to Buncombe

The LIFT Fund is not just focused on housing; it is also designed to improve infrastructure within the county. A notable allocation of $2.98 million has been earmarked for upgrading Coxe Avenue. This project was initially approved but got put on hold for various reasons. Now, with funding secured from the LIFT Fund, the improvements can finally take shape.

Connecting Nature and Community

Additionally, investments from the fund will bolster the infrastructure related to greenways and trails. These enhancements will connect essential locations like the Bent Creek River Park and The North Carolina Arboretum, further enriching the community’s outdoor experience and promoting environmental stewardship.

A Vision for Affordable Housing

Buncombe County Commission Chair has expressed a strong vision for the future, aiming to obtain 1,800 additional affordable housing units by 2030. This goal is indicative of a larger trend in the area, emphasizing the importance of making housing accessible to all residents, especially in a place known for its vibrant culture and scenic beauty.

Continued Dialogue and Community Engagement

The LIFT Fund is fostering a constructive platform for public discussions on community issues. At the meetings, public comments are limited to three minutes per speaker, encouraging concise and respectful contributions from community members. The discussion is moderated to ensure that it remains civil and productive, emphasizing the area’s commitment to engaging the public in the decision-making process.

Tourism Trends and a Path Forward

It’s important to note that Asheville’s tourism sector is currently navigating fluctuating trends. As of March 2024, the region experienced steady lodging sales despite a sluggish start to the year. Local businesses and tourism-related establishments are gearing up for a recovery phase as the community works to bounce back from disruptions caused by Hurricane Helene.

What’s Next?

Mark your calendars for the next joint meeting of the Buncombe County TDA, scheduled for February 26, 2025, at 9 a.m. More information about the upcoming meeting will be posted online, ensuring the community remains informed and engaged. With community investment at the forefront, Buncombe County is taking significant strides toward enhancing the quality of life for its residents.

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Asheville Leaders Advocate for Fairer Distribution of Tourism Funds for Local Benefit
Asheville Leaders Advocate for Tourism Fund Reform and Local Investment

Additional Resources

• WLOS: Buncombe County Tourism Development Authority
• National Geographic: Asheville and Hurricane Helene
• WRAL: Map Shows Parts of Western NC Open for Tourism
• WLOS: Tourism Spending in Buncombe County
• WLOS: The Deep Benefits of Visitors in Asheville
• Wikipedia: Tourism in Asheville

Author: HERE Asheville