how much does a new york taxi medallion cost
Taxicabs of New York City Starting in 2011, medallion prices dropped considerably likely due to competition from ride-share services.[92] As of October 2016[update], medallion prices had dropped to around $500,000 in value, with one medallion dropping to $250,000.[105] There was also a decrease in taxi usage: in November 2016, there were 336,737 daily trips that netted $4.98 million, a decrease from the 463,701 daily trips netting $5.17 million in November 2010.[106][107] However, in mid-2016, after a five-year decline, taxi usage began to increase again.[93] Due to this competition, medallion owners sued the city and Uber in November 2015.[108] By 2017, the 60,000 ride share vehicles in New York City outnumbered the city's medallion vehicles at a ratio of almost 4 to 1,[106] and many medallion owners faced the prospect of bankruptcy or severe debt because of the low medallion prices, which few entities were willing to buy.[92][109] Medallion holders had trouble making payments on the loans that they borrowed to pay for the medallions.[109]
Staten Island Ferry The Staten Island Ferry route terminates at Whitehall Terminal in Lower Manhattan and St. George Terminal in St. George, Staten Island. At Whitehall Street, connections are available to the New York City Subway and several local New York City Bus routes. On the St. George side, there are transfers to the Staten Island Railway and to the St. George Bus Terminal's many bus routes. Passengers on any bus or subway route can exit at Whitehall Street, take the ferry for free, and use their MetroCard farecards for a free transfer to a bus or train at St. George. The same is true for passengers from Staten Island who want to transfer to the subway or bus in Manhattan by riding the Staten Island Ferry.