At tomorrow’s Board of Directors meeting, the San Francisco Metropolitan Transit Agency will review a proposal that would raise taxi meter rates to 55 cents per fifth of a mile or minute of waiting in traffic. If passed, those 10-cent increases to the current rates (plus another ten cents per fifth of a mile in potential fuel surcharges) would make our taxis the most expensive in the country according to a 12-city study conducted by the SFMTA. Adding insult to injury are the proposed two- and three-dollar fees for booking your ride through a dispatcher, meaning a phoned-in evening pickup could cost you over six bucks just for getting in the cab. The agency will be taking one last round of community input at tonight’s final taxi town hall meeting before voting tomorrow to authorize all or some of the new rates and surcharges. [Chron] [SFEx]
Long time Burbed readers know that one of the fundamental beliefs of this site is that the more expensive and unaffordable the Bay Area is, the better it is because that keeps people hard at work and delivering innovation.
So, I for one applaud this move. We should make transportation as incredibly expensive and painful as possible, so that people will feel the need to stay in more, and work on the next big IPO that will result in higher house prices.
Because… as we all know… higher house prices are the goal of any desirable area.