Thursday, October 2, 2014

New York City taxi medallion sale September 2014. One foreclosure owner driver medallion sold at $900,000. No Corporate medallion sold at all.

It looks like the Green taxis are working their market magic (wrecking) and it doesn't seem to me that NYC is going to have a successful Owner driver medallion auction ( or a corporate medallion auction either) any time soon. The City had been planning to raise a billion dollars through auctions this year but they've killed tbe golden goose.