The Golden Gate Motor Inn on the corner of Shore Parkway and Knapp Street has closed due to lack of business.
The owner Harshad Patel told the Brooklyn Paper “I’ve lost $4 to $5 million,”…. “People just aren’t staying here anymore since the economic downturn.”
This may be true but it was widely speculated that this hotel was only purchased to develop the property into something else. Possibly multiple apartment buildings, a supermarket, or even a luxury hotel. However, the community leaders were against any type of residential development. The consensus was that the community would support a zoning change of C8-2, which would restrict all residential uses, and would have allowed the developer to build as large of a hotel as possible. Some estimates were that the hotel could have been between 12 to 20 stories and accommodate up to 200 rooms.