Comment Re:Taxi licenses are crazy expensive (Score 1) 334
Unless I'm drastically misinterpreting your quote, you are requiring them to do that:
No, my point was that paying hundreds of thousands of dollars is not the only way to get a medallion here. There's a lottery every year when they put new medallions into circulation. The winners get the medallions for just a nominal fee.
Now, regarding the special medallions, those are not the ones that are hundreds of thousands of dollars. They're much more readily available for the cost of a license, and after a certain period of serving the underserved locations of the city, there are ways to get the regular medallion. All of these new rules were put in place long after I was a weekend warrior cabdriver during grad school, so I don't know the exact details, just what I've had hacks tell me when I was in their cabs.