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]
One World Trade Center An estimate in February 2007 placed the initial construction cost of One World Trade Center at about $3 billion, or $1,150 per square foot ($12,380 per square meter).[124] However, the tower's total estimated construction cost had risen to $3.9 billion by April 2012, making it the most expensive building in the world at the time.[3][4] The tower's construction was partly funded by approximately $1 billion of insurance money that Silverstein received for his losses in the September 11 attacks.[124] The State of New York provided an additional $250 million, and the Port Authority agreed to give $1 billion, which would be obtained through the sale of bonds.[125] The Port Authority raised prices for bridge and tunnel tolls to raise funds, with a 56 percent toll increase scheduled between 2011 and 2015; however, the proceeds of these increases were not used to pay for the tower's construction.[4][126]