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Chicago Advances Plan to Buy and Rehabilitate Greyhound Station With TIF Funds

A public hearing process will determine whether an expanded Canal/Congress district can channel roughly $50 million to a city-run intercity terminal.

Overview

  • The Department of Planning and Development held a required public meeting to expand the Canal/Congress TIF to include 630 W. Harrison, with a Community Development Commission hearing set for April 7 and possible Finance Committee and City Council votes in May.
  • Mayor Brandon Johnson’s team placed a roughly $50 million acquisition-and-renovation plan into TIF projections during the 2026 budget process, a funding outline first flagged by Ald. Bill Conway.
  • DePaul University’s Chaddick Institute released a report and renderings proposing modest, safety-focused upgrades and a rebrand to a Chicago-run intercity bus terminal, including CHI signage and a glass, street-level foyer.
  • FlixBus, which owns Greyhound, said it has been in contact with the city and supports efforts to keep the site serving passengers safely and efficiently.
  • Greyhound continues operating on a month-to-month lease at the privately owned site held by Twenty Lake Holdings, and any city purchase depends on approval of the TIF amendment and subsequent council actions.