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Well the city wasn't the one that sold them for so much money, it was the aftermarket that drove them up (because essentially no new ones are being issued). A
by jonknee 10y ago
Well the city wasn't the one that sold them for so much money, it was the aftermarket that drove them up (because essentially no new ones are being issued).
A refund wouldn't do much and in general if you buy an asset that decreases in value you have only yourself to blame. Medallion owners are no more special than anyone else.
- ams6110 10y agoI bet if you followed the money you'd find some very wealthy city councilmen or bureaucrats who were in charge of determining how many medallions to issue.
- lovehashbrowns 10y agoAnd I bet if a reimbursement program were put into place, most of it would mysteriously not go to the cabbies themselves.
- smileysteve 10y agoSome cities auction them...