Author Topic: With nearly half of Chicago cabs in foreclosure or idled, cabbies' hopes  (Read 131 times)

YELLO

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With nearly half of Chicago cabs in foreclosure or idled, cabbies' hopes riding on New York-style ride-share limits.
Nearly half of the city’s 6,999 licensed cabs are in foreclosure or idled, leading to an increasingly desperate call for regulatory intervention — including a newly floated idea to cap the number of ride-sharing licenses in Chicago — to keep taxi fleets on the streets.
City officials, however, have no plans to cap ride-sharing services at this time, said Rosa Escareno, commissioner of the Department of Business Affairs and Consumer Protection, which regulates both the taxi and ride-share industries.

“It’s the consumers that are making the choice and the consumers that are driving the type of service that they need and demand,” Escareno said. “We have to listen to that. It was the consumers that drove the change that is here today.”

https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.chicagotribune.com/business/ct-biz-chicago-taxis-ride-share-limits-20180823-story,amp.html&ved=0ahUKEwir_o7UzaHdAhUDVN8KHcTtDEQQyM8BCCQwAA&usg=AOvVaw2L9Jzo6Z8tlUyqH1rh4sAc&ampcf=1