Chicago is on the cusp of securing funds to purchase and renovate its long-abandoned South Loop Greyhound bus station, marking a significant step towards revitalizing a critical transportation hub in the city's central area.
Mayor Brandon Johnson's administration has been pushing for the acquisition, with initial plans indicating a $50 million allocation. Alderman Bill Conway (34th Ward) recently unearthed this provision in the city's 2026 budget process, a development that promises to breathe new life into the crumbling station.
The Greyhound terminal at 630 W. Harrison St has been in disrepair for years and was facing an uncertain future after its owner, Twenty Lake Holdings, announced plans to lease it out on a month-to-month basis. However, thanks to a last-minute reprieve, the property will remain open β albeit with significant improvements.
The city's vision for the station involves not only upgrading the existing facilities but also repurposing it as an anchor point in the region's transportation network. Researchers at DePaul University's Chaddick Institute for Metropolitan Development have outlined plans for a renovated station that would boast improved waiting areas, enhanced passenger amenities, and a rebranding that reflects its role as a hub connecting commuters to destinations across the metropolitan area.
While the city's administration is optimistic about securing the necessary funds, not everyone shares this enthusiasm. Alderman Conway expresses concerns over the city's ability to secure a fair deal on the property and worries about ensuring public safety around the bus station.
With an April 14 Community Development Commission meeting set as the first hearing on the proposed tax increment financing (TIF) amendment, there remains much work to be done before this ambitious project can become a reality.
Mayor Brandon Johnson's administration has been pushing for the acquisition, with initial plans indicating a $50 million allocation. Alderman Bill Conway (34th Ward) recently unearthed this provision in the city's 2026 budget process, a development that promises to breathe new life into the crumbling station.
The Greyhound terminal at 630 W. Harrison St has been in disrepair for years and was facing an uncertain future after its owner, Twenty Lake Holdings, announced plans to lease it out on a month-to-month basis. However, thanks to a last-minute reprieve, the property will remain open β albeit with significant improvements.
The city's vision for the station involves not only upgrading the existing facilities but also repurposing it as an anchor point in the region's transportation network. Researchers at DePaul University's Chaddick Institute for Metropolitan Development have outlined plans for a renovated station that would boast improved waiting areas, enhanced passenger amenities, and a rebranding that reflects its role as a hub connecting commuters to destinations across the metropolitan area.
While the city's administration is optimistic about securing the necessary funds, not everyone shares this enthusiasm. Alderman Conway expresses concerns over the city's ability to secure a fair deal on the property and worries about ensuring public safety around the bus station.
With an April 14 Community Development Commission meeting set as the first hearing on the proposed tax increment financing (TIF) amendment, there remains much work to be done before this ambitious project can become a reality.