Wednesday, May 2, 2012

New York City Comptroller to Reject Mayor Bloomberg's Taxi of Tomorrow Contract

An odd interest of mine but when NYC taxi medallions go for north of $1 mil. per and when there is a NASDAQ listed company, Medallion Financial, TAXI, devoted to financing said tchotchkes, it fits on a finance blog.
From Capital New York:
City Comptroller John Liu is expected to announce today that he's rejecting the Bloomberg administration's Taxi of Tomorrow contract, erecting yet another possible barrier to Mayor Michael Bloomberg's ambitious vision to overhaul New York City's taxi and limousine fleet.
Taxi of Tomorrow via

The Taxi and Limousine Commission's has contracted with Nissan to produce the NV200, otherwise known as the Taxi of Tomorrow, according to a source familiar with his decision.

The city wants to require taxi-medallion owners to buy the Nissan car when it comes time to replace their existing cabs. The NV200 has passenger airbags, USB ports, sliding doors and a sunroof, but it cannot accomodate wheelchairs. Liu is expected to reject the city's contract on the basis of its handicapped inaccessibility.

Liu's office had no immediate comment. Nor did the T.L.C....MORE