we've also engaged for many years, and chair peskin noted, director hayashi, the work on t the public utilities commissions. we've committed over 40 sets of briefs on taxi regulation to the california public utilities commission. we've also engaged with a nationally known taxi industry research firm, and this came partly out of a 2016 medallion reform effort, which at that time, many in the industry thought was premature, and they asked that, you know, hey, don't move forward with these recommendations. please take a moment to study the taxi industry. and so we engaged with p.f.m. schaller, and they evaluated the health of the taxi industry, and they recommended some potential regulatory changes. and some of the three important finding from the report. one is that the purchased medallion holders is suffering the most financially, and this slide points that out. they have invested the most, for the most part, $250,000, and yet, they earn the least. we can see here from the report, that these are individuals who paid $250,000 for a taxi medallion earn an estimated 38,000 a year, while d

it was right there in the beginning on the hayashi plan. i discussed it with her. i told her so. [inaudible] >> chair peskin: so your time is up, but i'm more than willing to discuss with city staff through to the sfmta, your comment. this is a fee title, so you are right in that regard. i don't know if the "purchased medallions" -- because indeed, a fee was tendered to the city for a limited right -- whether or not the industry would be in a different place today, but if it you believe that we could cure this problem by giving fee title absolute if you will, as they say in the real estate business, i'm willing to have that conversation with you. so at some point, mr. drury, when you're in the city and county of san francisco and miss toran, and my staff, perhaps what i can do under the boundaries of the brown act, supervisor safai and his staff should sit down and have that meeting. i really appreciate, given your longevity in the city, your coming down and commenting today. who was the guy running the committee when quentin kopp passed supervisor k? next speaker, please. >> goo

drury, will remember her name, miss hayashi, former deputy city attorney, did god's work in trying to stop the california public utilities commission -- no relation to the san francisco public utilities commission that provides our water and sewer, mr. scarpulla, but your best bet is to go and work in sacramento and preempt any regulatory attempts. and here you are. and i agree with supervisor fewer, that this has been devastating to a whole bunch of people who made their livings and indeed it was a living in the taxi industry. and as the entire world was changing, we the city, by and through the sfmta, that we would do what other cities had been doing, that we would sell these medallions at the moment that they became a lot less valuable. and so we hear literally every tuesday from folks who bought these medallions, and our hearts go out to you. we are aware that this is also the subject of litigation -- which, by the way, is not what should motivate us. and i do concur with supervisor fewer, it's not just about the people that purchased them, it's about the people that earned them.