A lack of concrete stopped work on Gulfstream’s 121-room Home2 Suites by Hilton hotel across Second Street from the Owensboro Convention Center, along with the 79 apartments and a 245-car parking garage — a $50-million project — last summer.
But things are starting to move again.
Envision Contractors picked up building permits this week for the first $7.2 million on an 81,921-square-foot hotel and $5.5 million on an 83,512-square-foot parking garage at 560 W. Second.
• We lost Shoney’s last Sunday.
The restaurant moved into Towne Square North in 1988.
No word yet on whether another franchisee will be found.
• Looks like arts and crafts lovers now have a place to shop on Frederica Street.
There’s a grand opening sign on the new Michaels store in Towne Square North and the company’s website says it opened Friday.
• Gas prices are creeping back to the $3 level.
You could still find regular as low as $2.75 on Friday.
But the average price in town was $3.08, according to AAA.
The national average was $3.39 and the state average was $3.152.
• Looks like we’ll soon have a new bank — well, bank name at least — in town.
Peoples Bank announced in October that it was acquiring Limestone Bank.
The transaction was valued at $208.2 million.
The combined bank will have $8.5 billion in total assets, $5.7 billion in total loans and $7.1 billion in total deposits with 150 locations in Ohio, West Virginia, Kentucky, Maryland, Virginia and Washington, D.C.
In 2019, Louisville-based Limestone Bank bought four branches of Republic Bank & Trust — including the two in Owensboro — for an estimated $9 million to $10 million.
Last year, Newburgh-based Heritage Federal Credit Union bought the branch at 1819 Frederica St. and Limestone opened a new branch in Gateway Commons.
• Party City, which has a store on Kentucky 54, has filed for Chapter 11 bankruptcy protection “amid pullback in consumer spending and higher prices due to inflation.”
The company listed assets of $1 billion to
$10 billion and liabilities in the same range.
• The National Retail Federation says sales in November and December grew 5.3% over 2021 to $936.3 billion.
That’s less than the 6% to 8% growth and the
$942.6 billion to $960.4 billion in sales the organization had predicted.
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