When the bubble burst, many owed rather more than the medallions had been value. Families confronted monetary spoil; a number of drivers died by suicide. Then the pandemic decimated demand and posed grave well being dangers to drivers.
Members of the New York Taxi Workers Alliance have been protesting at City Hall for a month, calling for assist for drivers. The metropolis has proposed a plan to assist medallion homeowners restructure their loans to cut back their debt. But at a rally on Monday, a litany of drivers stated it wasn’t sufficient.