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Passenger Trains > "Tribune’s calls to move Greyhound terminal due to corp. ties ?


Date: 08/31/24 02:58
"Tribune’s calls to move Greyhound terminal due to corp. ties ?
Author: joemvcnj

https://chi.streetsblog.org/2024/08/29/is-the-tribune-calling-for-closing-greyhound-terminal-due-to-papers-corporate-ties-to-station-owner-who-would-profit-from-selling-the-land

"the station is "owned by Twenty Lake Holdings, an affiliate of Alden Global Capital, which also owns the Tribune.""



Date: 08/31/24 05:27
Re: "Tribune’s calls to move Greyhound terminal due to corp. ti
Author: ThunderMountain

Good point.  Another consideration that has only just recently been mentioned is that Greyhound has the ability to renew their lease at the existing location (630 W. Harrison) at terms comparable if not the same as today's terms.  Greyhound looking for a free ride?



Date: 08/31/24 06:58
Re: "Tribune’s calls to move Greyhound terminal due to corp. ti
Author: kevink

ThunderMountain Wrote:
-------------------------------------------------------
> Good point.  Another consideration that has only
> just recently been mentioned is that Greyhound has
> the ability to renew their lease at the existing
> location (630 W. Harrison) at terms comparable if
> not the same as today's terms.  Greyhound looking
> for a free ride?

Source please. I have not seen this mentioned anywhere locally.

Posted from iPhone



Date: 08/31/24 07:36
Re: "Tribune’s calls to move Greyhound terminal due to corp. ti
Author: ThunderMountain

Chicago Tribune, Sarah Freishtat's article...3 or 4 days ago.  Chicago Chief Operating Officer, John Roberson, is quoted on this very topic.
There is more to this overall story than we were first led to believe.



Date: 08/31/24 14:48
Re: "Tribune’s calls to move Greyhound terminal due to corp. ti
Author: Lackawanna484

Alden Global does a lot of real estate development / sales. They are very good at squeezing value out of assets.

Posted from Android



Date: 08/31/24 15:24
Re: "Tribune’s calls to move Greyhound terminal due to corp. ti
Author: kevink

Thanks ThunderMountain.

Posted from iPhone



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