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Owensboro to buy Colonel House Motel for $600,000 as part of revitalization plan
Summary
The commission approved Municipal Order 30‑2024 to purchase 1829 Triplett Street (Colonel House Motel) for $600,000; staff said the property will be rehabilitated via an RFP and re‑sold to a private owner to expand affordable rental housing.
The Owensboro City Commission voted to authorize the mayor to execute a real‑estate purchase agreement for 1829 Triplett Street, known as the Colonel House Motel, for $600,000 as part of a long‑term neighborhood revitalization initiative.
City Manager Nate Pagan said the acquisition follows a competitive request for proposals and is intended to rehabilitate the property and convert it to quality rental housing. "We don't want to own it long term," Pagan said, describing the city's plan to issue an RFP to renovate the building and transfer ownership to a developer who will complete rehabilitation and occupancy.
Pagan told the commission the building is largely vacated and staff expect it to be vacant by the time the city takes title; he said few units remained occupied at latest reports. Commission members asked about a transitional period and the fate of current occupants; Pagan said the city anticipates the building will be vacant during ownership and that staff will expedite selection of a developer through an RFP process.
The commission approved Municipal Order 30‑2024 by voice vote. Staff characterized the purchase as building on prior investments in the Triplett/Twist neighborhood and as part of the city's strategy to expand affordable housing opportunities.
