There’s a lot of streets in American cities that are named “Gay Street”. Most were platted and named before the 1960s, before the current meaning of the word was mainstream.
I’ve seen research studies from real estate organizations – no cite, but I’ve seen them – that show properties on streets with names that may carry negative connotations take longer to sell than those on more conventionally named streets. Where would you rather buy a house, St. Clair Avenue or Detroit Avenue? Happy Valley Road or Gay Street? Edelweiss Drive or Hitler Road? The City of East Detroit, Michigan went so far as to change its name to Eastpointe because of the negative connotations of “Detroit”.