Results 1 to 2 of 2
  1. #1
    BadlandsVikings's Avatar
    BadlandsVikings is offline Jersey Retired
    Join Date
    Apr 2006
    Posts
    26,572

    N.Y. taxi license hits record price: $600,000

    NEW YORK (Reuters) - The price of a license to operate a New York taxi cab hit a record $600,000 in May, according to a lending company which financed the purchase.

    Medallion Financial Corporation said it had financed the purchase of two medallions -- the license to operate a yellow cab in New York -- for a total of $1.2 million by a large corporate fleet operator.

    "Prices of corporate medallions have increased from $195,000 in 2001 to the record $600,000 this week," Andrew Murstein, president of the lending company, said in a statement on Tuesday. It said the previous record was about $550,000.

    New York has around 13,000 yellow cabs. A typical $10 fare would cover a trip from the Empire State Building in Midtown Manhattan to the Financial District at the south of the island, assuming no time stuck in traffic and without a tip.

    http://news.yahoo.com/s/nm/20070531/od_nm/usa_taxis_dc;_ylt=AgMfoxa_D0JyyDSEgXKihycSH9EA

  2. #2
    jmcdon00's Avatar
    jmcdon00 is offline Jersey Retired Snake Champion, Moto Trial Fest 2: Mountain Pack Champion, LL City Truck 2 Champion, Arithmetic sequence Champion, Troops Tower Defense Champion
    Join Date
    Aug 2006
    Posts
    8,281

    Re: N.Y. taxi license hits record price: $600,000

    It's alot of money, but I believe it is good forever, unless you break the rules(drinking and driving) in which case it can be taken away at any time, i think i would stay sober for $600,000.

Similar Threads

  1. Want to own more than 3 cats? Get a license
    By BadlandsVikings in forum The Clubhouse
    Replies: 10
    Last Post: 11-06-2009, 09:09 AM
  2. Check your Driver's License
    By Garland Greene in forum The Clubhouse
    Replies: 9
    Last Post: 04-06-2009, 01:49 AM
  3. Check Your Driver's License
    By BadlandsVikings in forum The Clubhouse
    Replies: 10
    Last Post: 12-26-2007, 09:31 AM
  4. Vikings license plates
    By VKG4LFE in forum Vikings Fan Forum
    Replies: 8
    Last Post: 09-14-2007, 09:27 AM
  5. License Plates
    By vikesguy in forum Vikings Fan Forum
    Replies: 10
    Last Post: 08-10-2005, 12:47 AM

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •