3 ms·
I thought the medallions were issued by the government agency?
by brianbreslin 12y ago
I thought the medallions were issued by the government agency?
- nmcfarl 12y agoThe normal way is that initially, when the taxi commission is formed the agency sells them, and then after that the medallions are in private hands, and are a resell-able asset of the company that owns them. Here's an article on such a resale in New York a couple of years ago: http://cityroom.blogs.nytimes.com/2011/10/20/2-taxi-medallions-sell-for-1-million-each/?_php=true&_type=blogs&_r=0 http://cityroom.blogs.nytimes.com/2011/10/20/2-taxi-medallio...
- deleted 12y ago[deleted]