Particle.news
Download on the App Store

Chicago Plans $50 Million TIF Purchase and Rehab of Greyhound Bus Station

City Hall frames the move as a transportation-equity step that avoids a shift to curbside pickup.

Overview

  • TIF reports allocate $35 million in 2026 and $15 million in 2027 from the Canal-Congress district for a Greyhound station.
  • A Johnson spokesperson says the city expects to spend just over $19 million to buy the property, with the remainder slated for renovations pending assessments.
  • Planning and Development Commissioner Ciere Boatright says the project is in its early stages and will be the subject of briefings for alderpeople.
  • Ald. Bill Conway says he discovered the line item without prior notice and questions using TIF dollars for a site owned by Alden Global Capital.
  • The current terminal at 630 W. Harrison serves roughly 500,000 riders a year under a month-to-month lease, and officials say acquiring it would preserve service and avoid curbside operations.