Taxi Medallion Owners, Drivers Protest TLC Over For-Hire Companies

Taxi medallion owners and drivers protested in front of the Taxi and Limosine Commission's headquarters in Manhattan Sunday.

They are blaming the city for allowing for-hire car companies such as Uber and Lyft to ruin their business.

Protestors say they spent up to a million dollars buying medallions from the city, which should have given them exclusive rights to street hails.

But they say companies such as Uber are infringing on that exclusivity, making their investment worthless.

"Day in and day out, we're thinking about the future because it's our retirement. I mean I'm 57 years old. The next four or five years, I'm going to retire. So I mean, it was my investment, so where will I see my future right now," one man said.

"It's very bad. We don't have any future now. No future," said another.

Medallion owners and drivers say they're at a disadvantage to for-hire vehicles who don't have to pay the MTA for every fare and can charge less because they aren't under as many inspections.

The de Blasio administration responded saying, “The administration and Council are taking a broader look at the for-hire vehicle sector that ranges from passenger and worker rights, to contributions to public transit, to accessibility for people with disabilities."

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