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Private Equity Firm Bought Greyhound Bus Company and is Closing Bus Stations Nationwide, Affecting 60 Million Americans
The new ownership of Greyhound by a private equity firm, which has resulted in the closure and relocation of bus terminals away from city centers, has raised significant concerns about the accessibility of intercity bus travel, particularly for low-income and mobility-challenged individuals.
The acquisition of 33 Greyhound bus terminals by a subsidiary of Alden Global Capital for $140 million has prompted fears about the impact on the accessibility of transportation for these groups, leading to calls for increased public sector involvement in supporting intercity bus access.
The closure and relocation of Greyhound bus terminals have had tangible effects on the accessibility of intercity bus travel. For instance, the shutdown of the Downtown Greyhound station in Tampa and the subsequent relocation of the stop to an area characterized by crime and lack of lighting has raised safety concerns for passengers, including families and children.
