300 medallion holders who are now more than 70 years old will be allowed to sell their permits and pocket the money
The pilot program to privatize taxicab permits is a done deal. It's a mistake, and its going to cause serious problems, but at this point, short of a new charter amendment, there's not a lot anyone can do about it. Under the 2007 measure Proposition A, the Municipal Transportation Agency has the authority to revamp the rules for how cabs are regulated, and the MTA board, appointed by Mayor Gavin Newsom, has approved the privatization plan.
But the implementation rules can still be written to prevent some of the worst possible results.
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