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Council to open public hearing May 13 on up to $35 million in debt for McCormick Field renovations
Summary
Finance staff told council May 8 that the city will hold a public hearing May 13 on a preliminary resolution to issue debt to fund McCormick Field improvements; the not‑to‑exceed amount in the public notice was raised from $34 million to $35 million to allow issuance flexibility, with final adoption expected May 27 and debt sale in early June.
Finance Director Tony McDowell briefed the council May 8 on the process to issue debt for the McCormick Field project, which the city is funding in partnership with the Buncombe County Tourism Development Authority and the Asheville Tourists ownership.
McDowell said Tuesday’s agenda will include a preliminary resolution and public hearing related to the issuance of debt; the final adoption of the…
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