Taxi Medallion Sales Drive Record Prices

The city collected $54 million dollars recently after selling new medallions for cabs. TLC Commissioner Mathew Daus said "The industry has never been better." A regular medallion sold for a record $524,000. A pair of wheelchair-accessible medallions also sold for a record $1.31 million dollars. As part of the auction, 87 medallions for wheelchair-accessible minivans were sold. This will bring New York City’s fleet of taxis available for the disabled to 231; the highest in the nation. Nice to have all the additional cabs around town, but will any come with a polite driver who speaks English, willing to drive to the outer boroughs?