They gathered near the edge of Meadow Lake in Queens on Sunday, two dozen strong, red carnations in hand, to mourn another cabbie who took his own life amid financial duress besetting the medallion business.
Under the gray skies, they threw the long-stemmed flowers into the lake at Flushing Meadows Corona Park to wish Roy Kim’s soul an easy passage into the next life — and demanded the city do more to ease their plight.
“I am here for our brother Roy Kim. I met him at Kennedy Airport, we started together,” fellow cabbie and longtime friend Dong Lee, 62, told the small crowd. “He is the kindest person I have ever met in my life. I don’t know how this could have happened to him, but I tell you true, he is very honest, he is very friendly and very collegiate.
“My friend is now gone,” Lee added, breaking down in tears.
Kim, 58, was the eighth driver to commit suicide in the past year, as the invasion of app ride-hail companies have turned New York’s once-tightly regulated cab business upside down.
“We wanted to release the flowers into the water and say our prayers for the soul of Roy Kim,” said Bhairavi Desai, executive director of the New York Taxi Workers Alliance.
“We don’t want that life or that death to be in vain,” Desai added. “The reality is the medallion has fallen in value, that loss has to be spread across the industry, it cannot be on the medallion owners alone.”
Kim’s friends said the longtime cabbie thought he had scored his golden ticket when he took out a loan and bought a medallion — the piece of tin stamped on the cab which gave him license to pick up street hails.
The Taxi and Limousine Commission medallions were once so prized, they went for nearly a million dollars apiece as recently as 2014. Kim spent roughly $580,000 on his in 2017, according to a person familiar with his situation.
But financial certainty turned to turmoil with the arrival of the ride-share apps, which offered riders cut-rate fares and the ability to order a car using their smartphones.
Matthew McDermottNowadays, medallions sometimes sell for less than $200,000, leaving drivers who purchased one during headier times under mountains of debt.
In response, the City Council passed legislation this summer that placed a one-year moratorium on adding new ride-hail cars to the streets after the number more than tripled, from 38,600 in 2011 to 112,000 in July, before the cap was implemented.
City lawmakers also passed another bill this week that will create a commission tasked with developing a rescue plan for the struggling business.
“We encouraged these immigrant workers to purchase these medallions, to invest their entire life savings and more by taking out these humongous loans,” state Sen.-elect John Liu (D-Queens) told mourners at Flushing Park.
“The city of New York needs to recognize that it has a financial responsibility here,” he added. “We don’t want to see anyone else killing themselves over this.”




