Aside from the land being cheaper in poor neighborhoods, they also usually have weaker zoning protections. And if someone did try to get approval to build a bus station in a nicer area, the residents and property owners are likely to come out in full force to stop it. Unless you’d actually use it, a bus station isn’t something you like to live near—buses are noisy and have smelly exhaust, they often run at odd hours of the night, and their ridership is often, shall we say, quite different from most people that live in nicer, pricier neighborhoods.
Notice that richer areas also usually don’t have factories, warehouses, etc., while poor areas might have those kinds of uses right up next to residences. There’s a term—environmental justice, or environmental racism—that relates to the tendency to locate undesirable uses near poor, often non-white areas in American cities.
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