Compromise coming in five-borough taxi plan

File of a New York City cab (AP Photo)

May 4, 2011 5:09:03 AM PDT
A compromise is being considered regarding Mayor Michael Bloomberg's plan for five-borough taxi service.

Yellow cab owners and the City Council are looking at a new plan to auction more taxi medallions with the condition that taxis only pick up street hails in the outer boroughs.

The new fleet of outer-borough cabs would either be painted a different color or given another identifying marker.