So you are assuming that the number of people taking taxi rides/Uber rides will be higher than they are now?
If not, even if the medallions stay ‘used’, the actual road time for a NYC taxi would have to fall, as Uber road time climbed.
And in a two year period, there has been just that - a 12% drop in gross Medallion fare revenue in NYC...which should, I believe, equate to a 12% drop in NYC taxi traffic.
I don’t really think the mayor’s concerns have much to do with traffic.
No. I’m assuming that there will be more taxis and Uber drivers chasing the same number of passengers.