City council proposes overhaul of taxi medallion industry

City council proposes overhaul of taxi medallion industry
The Taxi and Limousine Commission’s failure to address years of concerns about the collapsing taxi medallion industry has spurred City Council members to take matters into their own hands. “City regulators were asleep at the switch on this issue,” said Council Speaker Corey Johnson. “It’s clear that we need to take legislative action to protect…