Articles from Shenwick & Associates

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New York Daily News: Restrict Uber, exempt taxis: Any honest attack on congestion will go after its major driver, app-based for-hire car services

Submitted by Anonymous (not verified) on Thu, 01/18/2018 - 21:30

BY Nino Hervias Gloria Guerra Over the past four years, the rise of Uber and other for-hire app-based car services — and the failure of New York City to properly regulate their operations — has decimated the value of taxi medallions.

NYC Airports and Taxi Medallions

Submitted by Anonymous (not verified) on Thu, 01/11/2018 - 22:23

Taxi Medallions, Trusts and Workouts

Submitted by Anonymous (not verified) on Mon, 01/08/2018 - 22:15

Taxi Limousine Commission (TLC) Medallion Sales Data from December 2017

Submitted by Anonymous (not verified) on Wed, 01/03/2018 - 21:52

Provided below is sales data from the sale of 19 taxi medallions as reported by the TLC for December 2017. The foreclosure sales prices for the four medallion sales (two at $750,000, one at $400,000 and one at $210,000) may be inflated because banks “credit bid” at those foreclosure sales (they bid up to the amount of their loan balances); therefore, they may not accurately reflect the fair market value of a taxi medallion.

New York Times: Your Uber Car Creates Congestion. Should You Pay a Fee to Ride?

Submitted by Anonymous (not verified) on Thu, 12/28/2017 - 19:54

By Winnie Hu

The sputtering traffic in Manhattan has long been blamed on cars and delivery
trucks pouring onto the streets from the rest of the city and beyond.

Since at least the 1970s, New York City officials have proposed various toll
systems to deter drivers from coming over bridges or piling into the busiest
neighborhoods.

ProPublica reports on bankruptcy fraud in LA

Submitted by Anonymous (not verified) on Tue, 12/26/2017 - 20:47

ProPublica just posted a fascinating piece on bankruptcy fraud in the Central District of California (which includes Los Angeles).  It's the latest article in their important series "Too Broke for Bankruptcy: How Bankruptcy Fails Those Who Need It Most."

NYC taxi medallion auction update

Submitted by Anonymous (not verified) on Tue, 12/19/2017 - 22:19

MEDALLION AUCTION UPDATE:

Taxi Limousine Commission (TLC) Medallion Sales Data from November 2017

Submitted by Anonymous (not verified) on Wed, 12/13/2017 - 22:05

Provided below is sales data from the sale of 14 taxi medallions as reported by the TLC for November 2017. The foreclosure sales prices for the two medallion sales at $750,000 are the result of foreclosure sales and those prices may be inflated because the banks “credit bid” at those foreclosure sales (they bid up to the amount of their loan balances); therefore, they may not accurately reflect the fair market value of a taxi medallion.

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