Jones says the new hotel will also need more parking spaces, presumably to come from the adjacent shopping center. "We're looking for about 160 parking spaces total." Right now they fall about 100 spaces short of that, but developers aren't alone in the renovation project, city officials are helping out. "They're working with us with disposal fees, and dumping fees have all been waived at the county dump for us. They're working with us on parking, they're working with us on just about anything we need," said Jones.
120 rooms, a steakhouse, bar, and banquet hall will not only give Gabe's Tower a second chance at life, but the entire area. "We believe we can revitalize the area down here," said Jones. "This is the catalyst for the redevlopment of this part of our community and that's why we're so excited about it," said Owensboro Mayor Ron Payne.
Within eyesight of the top of the tower is Bullets Pawn, one of many pawn shops in the Triplett Street area that could see some redevelopment soon. "We're excited to get it up and running again," said Ava Pharris. She says what's good for the hotel is good for surrounding businesses, and beyond. "We're also hoping that it will revitalize that neighborhood, and it needs it."
A specific plan for redeveloping the Triplett Street area is not available, but Mayor Payne says it is next on the list in revitalizing Owensboro.