Taxi advocates say those numbers are pushing drivers off the streets. So far this year, 900 taxi medallions have gone into foreclosure, according to the cabdrivers union.
Although ride-share companies are "making consumers go for the convenience," they don't contribute to Chicago the way taxis do, Beale maintains.
"The cab industry is a different experience. Cabdrivers are ambassadors to the city. They know the city. They talk to you about the city," Beale said. "You aren't going to get that with Uber and Lyft."