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Boston Taxis- Why So High priced?.
it has seen countless historical events
and partly in the tale of a man from Jordan who arrived to Boston and quietly built a Boston taxi empire.
525 and stayed there for 6 decades until a 10-year legal struggle led to 260 more being offered at auction in the late 1990s.
To Boston taxi drivers — most of them immigrants who average seventy two hours a week driving somebody else’s taxi cab to earn maybe $550 — the medallions are like magic, keys to better lives for themselves and their relatives. This is why, the medallions that were $50 in 1935 now cost much more, which makes them the 2nd priciest in the country after New York City’s. Since the cost continues ascending, the cabbies keep driving and driving and striving to keep up.
Together with the bad economic situation along with the increasing gas prices. It is no wonder that Boston taxis are overpriced.