[wideminded]

"Medallions in New York City traded at more than $1 million in 2014, but today's prices are about half of that." - link

[dfwgator]

I suspect traditional Taxi companies will adapt and operate more like Uber in terms of having drivers ready available via an app.

[Swordmaker]

"Medallions in New York City traded at more than $1 million in 2014, but today's prices are about half of that." - link

Thanks for the update on the pricing of medallions. The last I had seen was a sale that went for the $1.5 million. I can see that the influx of Uber and Lyft would have that kind of effect on the value of the medallions. . . so no wonder the owners are screaming mad about the devaluation of a valuable asset due to what they see as illegal competition which they consider to be unlicensed gypsy cabs.