Show Navigation

Chicago, Illinois -- Thursday, August 29, 2019

Demetrios Manolitsis, who bought 15 medallions at inflated prices, poses for a portrait in his office. Under his hand is a stack of legal paperwork related to taxi medallion loans. He now runs a fleet of vehicles out of King Auto Repair and Body Shop but is not sure he will be able to sustain the business.

Chicago taxi medallions, now worth about $25,000, were once valued at nearly $400,000. The market's crash and predatory loans caused many medallion owners to declare bankruptcy in a situation made worse by the introduction of ride share apps like Lyft and Uber to the market.

CREDIT: Alyssa Schukar for The New York Times
30230061A

Add to Lightbox Download
Filename
2019-ChiTaxi-8505.JPG
Copyright
Alyssa Schukar
Image Size
4480x6720 / 3.7MB
www.alyssaschukar.com
Contained in galleries
Chicago, Illinois -- Thursday, August 29, 2019<br />
<br />
Demetrios Manolitsis, who bought 15 medallions at inflated prices, poses for a portrait in his office. Under his hand is a stack of legal paperwork related to taxi medallion loans. He now runs a fleet of vehicles out of King Auto Repair and Body Shop but is not sure he will be able to sustain the business.<br />
<br />
Chicago taxi medallions, now worth about $25,000, were once valued at nearly $400,000. The market's crash and predatory loans caused many medallion owners to declare bankruptcy in a situation made worse by the introduction of ride share apps like Lyft and Uber to the market.<br />
<br />
CREDIT: Alyssa Schukar for The New York Times  <br />
30230061A
Info
  • Facebook
  • Twitter
x

Alyssa Schukar Photography

  • Video Projects
  • About + Contact
  • Newsletter
  • Consulting + Speaking
  • Instagram
  • Archive
    • All Galleries
    • Search
    • Cart
    • Lightbox
    • Client Area
  • Portfolio