Word: taxis
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Dates: during 1980-1989
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Medallions issued by the city permit taxi drivers to pick up fares within the city. Because only 248 circulate in Cambridge, medallions become expensive commodities sold at inflated prices almost $27,000 apiece...
...Taxi drivers say the transfer will give Suozzo a virtual monopoly on medallions and allow him to dominate the taxi business in Cambridge With almost 70 percent of the taxi licenses. Suozzo could put the squeeze on medallions, raise their prices, and offer them to other owner operators, local cabbie Frank McCarthy told the Licensing Commission...
...taxi driver said that it is more profitable to work for a company fleet. The owner-operators have to live in their cabs for 45 hours a week just to clear a profit he said. "With a cab company, most of our expenses are taken care...
...Several taxi drivers appeared before City Council on the eve of the licensing commission meeting to voice over the medallion transfer. The Council responded by instructing the commission to put the deal on hold until the city manager can initiate a full investigation...
Although nearly 50 drivers attended the commission hearing on Tuesday evening, only McCarthy spoke out. In a dramatic move, McCarthy show of hands from the taxi drivers, and all indicated opposition to the transaction...