Sentences with phrase «yellow cab medallions»

The bill also authorizes the Taxi and Limousine Commission to sell up to 1,500 new yellow cab medallions, with 569 of the new cabs required to be handicapped accessible.

In addition, 1,500 yellow cab medallions would be authorized.

In a statement, Cira Angeles, a spokeswoman for Livery Base Owners, Inc., one of the many livery cab associations, called the «delinking of borough licenses from yellow cab medallions is an important first step.»

The New York Times reported last week that the value of yellow cab medallions is in free - fall nationwide, with prices in New York having slipped as much as 17 % since hitting a million bucks in Spring, 2013.

Queens Rep. Joseph Crowley wants de Blasio to step in to help the struggling yellow taxi industry and its lenders, saying new app - based car services like Uber have led to a big drop in value of the yellow cab medallions.

In addition to expanding taxi service to the city's outer boroughs, it would also add 1,500 yellow cab medallion licenses.

Not exact matches

E-hail apps and burdensome rules for yellow cabs have made taxi medallions practically worthless, a driver suing NYC and taxi regulators told the Daily News.

Into this breach stepped / was pushed AM Micah Kellner, who offered as a kind of minor Great Compromise his Access - for - All bill which would mandate expanded accessibility for yellow cabs and livery cabs, and would allow for a greatly - reduced 6,000 livery street hail medallions.

Two taxi - medallion owners can't sue a NYC regulatory commission for failing to keep the yellow - cab industry profitable in the face of competition from Uber and Lyft, a Manhattan Supreme Court judge ruled.

Mac Roberts, the general manager of East / West Management, a New York City company that operates 120 yellow taxi cab medallions, called upon the Taxi & Limousine Commission, as well as New York State, to better regulate Uber and others, telling the Observer in a memorable anti-Uber rant:

Yellow cabs have had a hard time keeping up with ride share services like Uber and Lyft, and so the value of medallions is plummeting.

While Diaz said it would be up to lawmakers to decide how many new medallions to issue and how much they should cost, he said they would have to cost «far less» than yellow medallion so they «remain affordable to all livery cab drivers or base owners.»

Hoping to prop up the struggling yellow - cab industry, a Manhattan lawmaker is proposing a tested sales technique: two vehicles for the price of one medallion.

Two taxi - medallion owners can't sue a city regulatory commission for failing to keep the yellow - cab industry profitable in the face of competition from Uber and Lyft, a Manhattan Supreme Court...