A medallion - the required license to operate a taxi in Philadelphia - generally sell for about a half-million dollars but a recent auction for rights to operate new taxis designed for the disabled generated little interest.
Instead of selling for the originally asked for $475,000, there were no buyers, so the price has dropped to around $50,000 under a new auction process,
according to CBS Philadelphia.
A city official told the television station that there were concerns about how much it might cost to make the cabs handicapped accessible especially at a time when the industry faces new
competition from ride-sharing services like Uber, although those are technically illegal in the city.
Mark Stehle, File/AP
