By Tim Redmond : 48hills – excerpt
Supes looking at ways to help mediallion holders facing unfair competition from Uber and Lyft
Sup. Sandra Lee Fewer yesterday called for the city to “blow up” its current taxi permit system, find a way to pay back drivers who spent up to $250,000 for a medallion just before Uber and Lyft illegally damaged the industry, and start all over again.
“It’s an outdated model,” Fewer said at a hearing today. “We are working with a framework of what we have.”…
Fewer suggested that the city buy back all the existing medallions, rent them out for a while to people who would have exclusive rights at SFO, and figure out how to completely redo the cab system in SF.… (more)
Finally a solution to clean up the the medallion mess. The city should buy them back since they devalued them.