Cabbies Demand Relief From High-Price San Francisco Taxi Medallions

By Wilson Walker : cbslocal – excerpt

SAN FRANCISCO (CBS SF) — Cab drivers struggling to compete with Lyft and Uber are voicing their growing anger over San Francisco’s taxi medallion program’s cost and restrictions.

“You’re making an issue out of medallions that are totally worthless today,” declared cab driver Emil Lawrence, bordering on a shout…

This is what happens when you give San Francisco cab drivers a chance to sound off on the city’s disastrous taxi medallion program, and it went on for about two hours Wednesday at San Francisco City Hall…

Still looming over this entire discussion, the $28 million lawsuit filed against the city by the San Francisco Federal Credit Union, which now holds some $130 millon in what it calls ‘impaired’ loans associated with the troubled medallions.

The credit union says that lawsuit is moving forward now that a judge has found sufficient grounds for the breech of contract claim. In the mean time, the city is trying to roll out some answers for drivers, and so far, they do not like what they are hearing.

Maggi Yousef closed his comments to the SFMTA representative with one request: “Get me out of this, please.”… (more)

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