Most Anchorage taxicab permits were purchased for pennies on the dollar

Most of the Anchorage permits were purchased before 1994 before the Anchorage Taxicab Permit Association was able to convince the Anchorage Assembly to limit the amount of permits which skyrocketed their permits to 140,000 from actual price of less than $1,000 the price of Anchorage Taxi Permit before 1994.  Another note most Anchorage permit owner did not actually obtain their permits by buying instead most inherited them or was given to them as gifts.  They also purchased at a reasonable rate.  Remember these permits are not really owned by the permit owner they are actually owned by the municipality.