The Decline of Greyhound Bus Stations: A Threat to Transportation Options
Greyhound, the largest intercity bus company in the US, is facing a crisis as scores of its central bus stations across the country have closed, either cutting services completely or relocating to far-out sites as a cost-saving measure. The closures are driven by high operating costs, government underfunding, and a hedge fund buying and reselling Greyhound's real estate. This has left roughly 60 million people, primarily low-income individuals with limited transportation options, without accessible bus terminals, forcing them to wait on street corners without amenities or protection from the weather. The closures have been accelerated by the sale of key locations to a property investment firm, Twenty Lake Holdings, which is now selling off the depots to real estate developers. The lack of government support for the bus sector exacerbates the problem, highlighting the need for alternative models to ensure continued service without leaving passengers stranded.