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Politics

$350 million of taxi debt forgiven so far, Adams says

By Ben Brachfeld Posted on January 24, 2023
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Over $350 million of taxi medallion debt has been forgiven under the city’s Medallion Relief Program for distressed cabbies, Mayor Eric Adams announced Tuesday.

Nearly 1,800 cabbies with loans from Marblegate Asset Management have seen their loans restructured, wiping $356 million in debt from the books and enabling more financial stability for the mostly-immigrant taxi driving workforce.

See the full article at amNY

$350 million of taxi debt forgiven so far, Adams says

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