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Boston Taxis- Why So Expensive?.
The yellow taxi is the creation of John Hertz nearly a century ago as he successfully founded the Yellow Cab Company of Chicago. The yellow taxis had been then brought into service in New York City. John Hertz chose yellow for the color for these cabs to be as the public felt these were much better to spot.
and partly in the story of a man from Jordan who happened to Boston and quietly launched a Boston taxi empire.
it marketed for about $400
To Boston taxi drivers — most of them immigrants who average seventy-two hours a week commuting somebody else’s taxi cab to net maybe $550 — the medallions are like magic, keys to better lives for themselves and their relatives. Consequently, the medallions that cost $50 in 1935 now cost way more, which makes them the second priciest in the country after New York City’s. As the value continues climbing, the cabbies keep driving and driving and striving to keep up.
Along with the bad financial situation along with the rising gas prices. It’s no surprise that Boston taxis are expensive.