Yellow Cab Owners Seek To Stall Mayor's Five-Borough Taxi Plan In Court
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Yellow taxi cab owners went to court Wednesday in a fight against Mayor Michael Bloomberg’s plan to allow New Yorkers to hail taxi service in all five boroughs.
Lawyers for the Metropolitan Taxicab Board of Trade are suing to block a new state law that would allow livery cabs to legally pick up passengers on the street in upper Manhattan and throughout the other four boroughs.
If the lawsuit is successful, it could jeopardize $1 billion of revenue the city planned to get from the sale of new yellow medallions as part of the plan.
The suit comes a day before the Taxi and Limousine Commission is expected to approve new rules regulating the new five-borough industry.