01-20-2015, 02:45 PM
Regional Councilor Sean Strickland has been in the news talking about Uber in Waterloo Region. Local taxi drivers have complained that making more licences available will reduce the value of their licences, some of which cost $300,000 to purchase. Since the Region regulates the licences, they could be on the hook if they dramatically reduce the value of the licences. Would it be in the Region's best interest to buy out every licence and then re-issue cheaper licences based on a new fee model?