NEW YORK (FOX 5 NEWS) - The New York City Council is weighing a bill that could double the number of yellow cabs on the streets. The bill would allow medallion owners to add a second vehicle under their current medallions.
City Councilman Ydanis Rodriguez said this is necessary for the taxi industry to survive against growing ride-hailing services like Uber and Lyft. He said yellow cabs are in danger of dying.
Traffic experts predict the number ride-hailing app based vehicles to increase by the tens of thousands over the next few years. With the councilman's proposal adding more taxis to the mix, AAA Northeast is concerned about increased congestion.
The next steps include an impact study and several committee meetings.