NY Yellow Cab Drivers Protest Debt Restructuring Proposal

Taxi drivers gathered in protest by Gracie Mansion against the De Blasio debt restructuring proposal on March 9, 2021 in New York City. Cabbies cite that Mayor Bill de Blasio’s debt restructuring deal does not go far enough benefiting financial institutions. Over the course of several years taxi owners fell prey to opportunistic lenders, influx of ride share and black car services further adding to the decline in income and the value of the medallion.