Chicago’s downtown Greyhound bus station is at risk of closing, and that could have repercussions for low-income travelers and the city’s status as a transportation hub, according to a new report from DePaul University’s Chaddick Institute for Metropolitan Development.
Real estate services firm CBRE was hired to sell the bus station earlier in 2023, leading the DePaul report to deem the station at risk of closure. The station was sold to Twenty Lake Holdings, a real estate investment and management firm, after Greyhound was acquired by a new parent company in 2021 that did not purchase much of Greyhound’s real estate as part of the sale, according to the report.
But the station serves some 500,000 passengers annually, more than airports in Champaign and Rockford, according to estimates in the report. It serves low-income travelers, those who are disabled or those who don’t have access to a car, who cannot easily shift travel to other types of transportation. And it is a key connecting point for bus lines across the country, the report found.
