In a renovation that took place between 1944 and 1954, with donations by Cuban millionaire philanthropist Eutimio Falla Bonet, the real gold under coats of paint was re-discovered. Falla Bonet was said to have traced his ancestors back to Remedios, where one was a founding member of the city and another was born in Remedios. On the north side of the square sits another church, Igesia del Buen Viaje. Remedios is the only town in Cuba with two churches on its main square, but the Iglesia del Buen Viaje has been abandoned. It is leaking and closed until repairs are authorized by the government.
The Central Plaza or Plaza Mayor was restored in 1970. It is surrounded by colonial buildings, beautiful monuments, trees, palms and a gazebo, like many towns in Cuba that were designed according to a Spanish urban standard.