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Taxi medallion owners urge city action as public comment floods meeting
Summary
Numerous medallion purchasers addressed the board during public comment, calling for debt relief, buybacks or bonds to address foreclosures and financial distress tied to the city’s medallion sales program and increased ride‑hail competition.
Multiple taxi medallion purchasers and drivers used the Board of Supervisors’ public comment period on Nov. 2 to press the city for debt relief and policy fixes after a decade of financial losses tied to the medallion sales program and the rise of ride‑hail services.
Speakers described foreclosures, mounting loan obligations and the impossibility of reselling…
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