[Mr. K]

doesn’t it cost something like $5,000 to get a ‘medallion’ (which is basically a permit to let you conduct business as a cab driver) PER CAR?

I wonder if that is per year too?

[Carriage Hill]

I thought a taxi medallion was over $1m?

http://www.nytimes.com/2014/12/03/upshot/new-york-taxi-medallion-prices-fall-again.html?_r=0

[SoCal Pubbie]

Corporate or “mini-fleet” medallions, the type this guy must have, since it’s the one that allows you to operate more than one cab, cost an average price of $987,500 in 2014. An individual New York taxi medallion fell to $840,000 last year, down 20 percent from its peak of $1.05 million in June 2013.

http://www.nytimes.com/2014/12/03/upshot/new-york-taxi-medallion-prices-fall-again.html?_r=0

[TexasGator]

“doesn’t it cost something like $5,000 to get a ‘medallion’ “

Uh, read the article.

[St_Thomas_Aquinas]

-— doesn’t it cost something like $5,000 to get a ‘medallion’ (which is basically a permit to let you conduct business as a cab driver) PER CAR?

I wonder if that is per year too?

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Taxi medallions were going for $700k in Boston, as of 4/14. But the values are plummeting.

http://www.nytimes.com/2014/11/28/upshot/under-pressure-from-uber-taxi-medallion-prices-are-plummeting.html?_r=0&abt=0002&abg=0