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Taxi medallion owners urge city help; multiple speakers cite financial distress amid rise of TNCs
3006212 · April 16, 2025
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Summary
Several taxi drivers and medallion purchasers addressed the board describing heavy debt tied to medallion purchases, falling incomes since the arrival of Uber/Lyft and requests for refunds or compensation from the city or SFMTA.
Multiple taxi drivers and medallion holders addressed the Board during the May 8 public comment period, describing long‑term financial hardship tied to medallion purchases and competition from transportation network companies (TNCs).
Speakers said they paid hundreds of thousands of dollars for medallions (figures cited included $250,000) and…
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