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Chicago taxis drive through rush hour traffic in downtown Chicago.

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.

For the New York Times "‘We Were Wiped Out’: New Yorkers Preyed on Chicago Cabbies" https://www.nytimes.com/2019/10/04/nyregion/taxi-medallions-chicago.html

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Alyssa Schukar
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www.alyssaschukar.com
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America in the Middle
Chicago taxis drive through rush hour traffic in downtown Chicago.<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 /> For the New York Times "‘We Were Wiped Out’: New Yorkers Preyed on Chicago Cabbies" https://www.nytimes.com/2019/10/04/nyregion/taxi-medallions-chicago.html
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