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A New York City taxi medallion. A taxi medallion, also known as a CPNC (Certificate of Public Necessity and Convenience), is a transferable permit in the United States allowing a taxicab to operate. Several major cities in the US use these in their taxi licensing systems, including New York City, Boston, Chicago, Philadelphia, and San Francisco.
The New York City Taxi and Limousine Commission has enforced strict requirements for the color of medallion taxicabs since the late 1960s. [102] According to the Rules of New York City, "The exterior of the vehicle must be painted taxi yellow (Dupont M6284 or its equivalent), except for trim. Samples of paint color and shade are to be submitted ...
The New York City Taxi and Limousine Commission (NYC TLC) is an agency of the New York City government that licenses and regulates the medallion taxis and for-hire vehicle industries, including app-based companies such as Uber and Lyft.
More than $200 million in debt held by struggling yellow taxi medallion owners has been wiped off the books, Mayor Adams said Friday. Through a program negotiated last year by former Mayor Bill de ...
New York City's taxi fleet doesn't provide a good living for a lucky few investors. It provides a great one. Taxi medallions have outperformed practically every investment imaginable -- including ...
After years of protests, hunger strikes and pleas to the city government, 3,000 debt-ridden New York City taxi drivers will be getting a new start. After years of protests, hunger strikes and ...
To end the dispute, New York Mayor Jimmy Walker created the New York Taxi Cab Commission (now called the New York City Taxi and Limousine Commission), which issued a limited number of cab operator permits, called taxi medallions, and mandated that cabs have seating for five passengers in the rear compartment, which favored Checker and a handful ...
In some large American cities, and in Hong Kong, a medallion system is used to license cabs. The city issues a fixed number of medallions, and only medallion taxis are allowed to pick up fares. In general, this leads to medallions becoming ever more expensive—a New York City corporate medallion can sell for up to $1 million each. [16]