2 ms·
In many cities (Miami, NY) the medallions are held by either mini hedge funds, investor groups, or cab companies that rent them to the drivers. $2200/month is a
by brianbreslin 12y ago
In many cities (Miami, NY) the medallions are held by either mini hedge funds, investor groups, or cab companies that rent them to the drivers. $2200/month is about what they charge here for the medallion rental/car rental.
Also this doesn't necessarily hurt the MTA, since they already SOLD those medallions to private individuals. Those individual owners will be left holding the bag so to speak.