Chicago, Illinois -- Tuesday, February 12, 2019
Mohammad Kamran, the Vice President of City Service Taxi, poses for a portrait at his office.
Chicago taxi medallions, now worth about $25,000, were once valued at nearly $400,000. The market's crash and predatory loans caused many medallion owners to declare bankruptcy in a situation made worse by the introduction of ride share apps like Lyft and Uber to the market.
CREDIT: Alyssa Schukar for The New York Times