January 8, 2015 Rhett Jones

As NYC taxi drivers continue to face stiff competition from new services like Uber and the outer borough “green taxi” program, the price of the medallions has dropped considerably. The average price is reportedly $805,000 today, which is a 23% drop from the 2013 peak of $1.05 million. Medallions are essentially a business license for cab drivers. There are a […]

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