By Anthony Noto
“Who in his right mind will invest $30,000 on top of $900,000 in a dying business?” one reader wrote to the New York Business Journal, claiming that “Taxi of Tomorrow” does little to improve the dismal state of the medallion business.
This might seem rhetorical, but given a new report warning about impending loan delinquencies for New York City taxi medallions, the reader actually raises a valid question. The $30,000 is the approximate cost for the Nissan model that, as of this week, is now the… …read more
From:: biz journal foreclosures