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Boston Taxis- What Are They Worth?.
The yellow taxi is the creation of John Hertz almost a century ago when he effectively founded the Yellow Cab Company of Chicago. The yellow taxis had been then brought into service in New York City. John Hertz chose yellow as the color for all the cabs to be as masses felt they were simpler to spot.
Cost wise.
825 of them made available for the whole city of Boston. And the last time one went up for retail
To Boston taxi drivers — most of them immigrants who average seventy two hours a week commuting somebody else’s taxi cab to profit maybe $550 — the medallions are like gold, keys to higher quality lives for themselves and their families. Resultantly, the medallions that were $50 in 1935 now sell for considerably more, which makes them the second costliest in the united states after New York City’s. As the price keeps climbing, the cabbies keep driving and driving and seeking to continue.
Combined with the bad financial crisis plus the climbing gas prices. It is no wonder that Boston taxis are pricey.