Posts Tagged ‘taxi medallions’

Taxi Drivers Push to Change Rules for Selling their $700k Medallions

Written by NYPress on . Posted in Breaking News, News Our Town, News Our Town Downtown, Our Town, Our Town Downtown

FE-Taxi ErhanTuncel By Tristan Hallman Taxi driver Erhan Tuncel, 52, bought his yellow taxi medallion 14 years ago. Once he turns 62, he’ll have to either drive 150 seven-hour shifts per year, or sell the medallion at whatever the market rate is. Thanks to the city’s “owner must drive” rule, he can’t lease out the medallion to [&hellip
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