Former Taxi Kingpin Gets $21.7M Cash Infusion

Tired: taxicab empires. Wired: charter school networks. One-time taxi mogul Victor Weingarten, who converted a stockpile of yellow cab medallions into real estate holdings, recently sold a development parcel in the Bronx for a cool $21.7 million. The buyer, KIPP NYC, is one of several expanding charter school networks that have increasingly emerged as a lifeline for commercial landlords, to say nothing of yesterday’s medallion kingpins….

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