This story broke, moved toward City Council action, then broke again—all in a New York minute.
"The de Blasio administration has backed away from its fight with the app company Uber, agreeing on Wednesday to drop for now its plan to place a cap on the number of vehicles operated by Uber in New York City," reports Matt Flegenheimer.
"Under the agreement…the city will conduct a four-month study on the effect of Uber and other for-hire vehicle operators on the city’s traffic and environment."
The de Blasio Administration proposed a cap on the number of "for-hire" drivers earlier this month and even took to the pages of the New York Daily News to make what amounted to several arguments against Uber's extra-regulatory operations. The proposal was expected to face a vote in the City Council this week, before the current agreement took effect.
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