It's a fight between cab drivers and cab drivers - between those who bought a $250,000 medallion, a license that makes a vehicle a taxi cab, and those who got their medallion for free off a ...

Before Uber and Lyft, the medallion was extremely desirable for taxi drivers. A driver could lease the medallion to other drivers and make passive income on the medallion. Between that and driving the ...

Rep. Alexandria Ocasio-Cortez and New York City lawmakers are calling for tighter oversight of lending in the taxi medallion industry after drivers left millions in debt.

The groundwork for the medallion crisis was laid in 2010, when a budget deficit followed on the heels of a financial recession. Then-Mayor Gavin Newsom directed the city to start selling taxi ...

The average rate in July for a corporate-licensed taxi medallion in the Big Apple was a record $766,000 — up 126% from $339,000 in 2004.

"The medallion program, dating back to the 1930s, arose thanks to an enormous number of taxi cabs flooding the streets, inducing congestion, intense fare competition, and reckless driving.

San Francisco taxi drivers are calling on the city for assistance as they struggle financially due to competition from ...

A taxi medallion gives the bearer the right to pick up rides for hire — and it turns out it's also a great investment vehicle. Two New York City medallions recently sold for a record $1 million ...

The surging price of New York's taxi medallions and their promise of steady cash flow have sparked investor interest in the licenses and bolstered shares of a company that finances their purchase ...

Remember the sharp rise, opens new tab in taxi medallion prices over the past few years? I thought that the price was pretty justifiable back then, in October, although I did have my concerns: Any ...

The City Council has proposed a bill that would direct half the new taxi medallions for this year (about 300) to go towards wheelchair accessible cabs and the other half to hybrid vehicles ...

63 Medallions Sold for Wheelchair Accessible Taxis This article is from the archive of The New York Sun before the launch of its new website in 2022. The Sun has neither altered nor updated such ...