While Gov. Cuomo took his sweet time signing the bill authorizing street hails of livery cabs, the Mayor’s pet project is set to go into effect now that the Taxi & Limousine Commission has approved the details. By a 7-2 vote, the commission OK’d the controversial plan even as current medallion owners raised a big stink about it. (Check out Kathleen Horan’s Twitter feed for some great comments. The WNYC reporter was all over this story.)
Even though finding a yellow cab outside of Manhattan or even north of 96th St. can be a challenge, medallion owners viewed these limited-range options as a threat to their core business model. The plan will introduce 18000 new medallions over the next few years and will generate some much-needed cash for the city as well as improving transportation options. The first 6000 will, says Transportation Nation, go on sale in June as long as a lawsuit filed by current cabbies does not succeed in putting a temporary stop to this plan.