{"id":202,"date":"2012-02-21T00:38:58","date_gmt":"2012-02-21T00:38:58","guid":{"rendered":"http:\/\/www.taxifarefinder.com\/newsroom\/?p=202"},"modified":"2013-05-28T22:04:09","modified_gmt":"2013-05-28T22:04:09","slug":"nyc-medallions-on-sale-500k-each","status":"publish","type":"post","link":"https:\/\/www.taxifarefinder.com\/newsroom\/2012\/02\/21\/nyc-medallions-on-sale-500k-each\/","title":{"rendered":"NYC Medallions on Sale &#8211; $500k each!"},"content":{"rendered":"<p>Acclaimed NYC medallions will go on sale this year.\u00a0 2000 of them.\u00a0\u00a0 The city is expecting to raise $1B for these. \u00a0 Is $500K a medallion unrealistic?\u00a0 In the past, some medallions have gone for over $1M.\u00a0 So asking $500K, city argues, is an acceptable expectation.<\/p>\n<p>However, in this economy and inevitable dilution of taxis in NYC , this expectation is being questioned. Furthermore:<\/p>\n<ul>\n<li>&#8220;Prior auctions came with fare hikes, raising the medallions\u2019 value for potential buyers. This one comes&#8230;with no fare increase&#8221;<\/li>\n<\/ul>\n<ul>\n<li>This is right &#8220;after a change in state law that stripped away one of the industry\u2019s most lucrative perks \u2014 the sole right to pick up street hails in all five boroughs.&#8221;<\/li>\n<\/ul>\n<ul>\n<li>The &#8220;new taxis must also be wheelchair-accessible, and the cost of such a vehicle, roughly $45,000, is nearly double that of a standard cab, about $25,000.&#8221;<\/li>\n<\/ul>\n<p>The sale continues throughout the year.\u00a0 Stay tuned!<\/p>\n<p><a title=\"New York Post - City hails \u2018$1B\u2019 taxi-medallion sale\" href=\"http:\/\/www.nypost.com\/p\/news\/local\/city_hails_taxi_medallion_sale_KUr30bWa1bYCcArwxd0CnM\" target=\"_blank\" rel=\"noopener\">Source: New York Post &#8211; City hails \u2018$1B\u2019 taxi-medallion sale<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Acclaimed NYC medallions will go on sale this year.\u00a0 2000 of them.\u00a0\u00a0 The city is expecting to raise $1B for these. \u00a0 Is $500K a medallion unrealistic?\u00a0 In the past, some medallions have gone for over $1M.\u00a0 So asking $500K, city argues, is an acceptable expectation. However, in this economy and inevitable dilution of taxis [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/posts\/202"}],"collection":[{"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/comments?post=202"}],"version-history":[{"count":9,"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/posts\/202\/revisions"}],"predecessor-version":[{"id":207,"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/posts\/202\/revisions\/207"}],"wp:attachment":[{"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/media?parent=202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/categories?post=202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxifarefinder.com\/newsroom\/wp-json\/wp\/v2\/tags?post=202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}