As Original Taxi Clubhouse Surpasses 100,000 Visits, Marblegate Capital Corporation Announces Plans to Open Two New Taxi Clubhouses for Drivers While its Taxi Fleet Operation Grows to One of the Largest in New York City

Rhea-AI Summary

Marblegate Capital Corporation (MGTE) has announced plans to open two additional Taxi Clubhouses in New York City, following the success of its original location which recently surpassed 100,000 visits. The first Taxi Clubhouse, opened in 2023 on West 22nd Street in Chelsea, has seen visits increase by 25% in the first seven months of 2025 compared to all of 2024.

The Clubhouses provide NYC taxi drivers with exclusive access to amenities including restrooms, free refreshments, WiFi, exercise areas, massage chairs, and prayer rooms. The company's taxi operation, Signal Taxi, has become the second-largest fleet in NYC, adding over 50 new wheelchair accessible vehicles (WAVs) monthly, representing 30% of the city's WAV growth.

The expansion demonstrates Marblegate's commitment to improving driver working conditions and transforming the NYC taxi industry, building on their previous work with the NYC MRP+ medallion debt relief program.

Positive

• Taxi Clubhouse visits up 25% in first seven months of 2025 vs full year 2024
• Signal Taxi adding 50+ new wheelchair accessible vehicles monthly
• Company contributes 30% to NYC's overall growth in new WAV taxis
• Signal Taxi has become second-largest taxi operation in NYC
• Over 2,000 NYC taxi drivers (20% of yellow cab drivers) have visited the Clubhouse

Negative

• None.

News Market Reaction – MGTE

+8.96%

+8.96% Session close to close

In the Aug 19 session, MGTE gained 8.96%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

The original Taxi Clubhouse was a first-of-its-kind location providing private space for taxi drivers to take a break, relax, rejuvenate, eat, socialize, and pray

Taxi Clubhouse recently surpassed 100,000 visits as overall use surges, with total annual visits up nearly 25% through just the first seven months of 2025

The two new Taxi Clubhouses are part of Marblegate Capital Corporation's latest initiative to drive positive change for NYC taxi drivers 

NEW YORK, Aug. 19, 2025 /PRNewswire/ -- Marblegate Capital Corporation (MCC), the largest full-service fleet operator and specialty finance lender in the New York City (NYC) taxi market, today announced a commitment to open two additional Taxi Clubhouses in New York City in the coming months. These new Taxi Clubhouses would expand on the program that Marblegate initially debuted in 2023, when it opened the city's first-of-its-kind Taxi Clubhouse on West 22nd Street in Chelsea.

This expansion comes as driver use of the original Taxi Clubhouse continues to surge. The Taxi Clubhouse recently surpassed 100,000 total visits since opening in 2023. Through just the first seven months of this year, total visits are already up nearly 25% over the full year of 2024. Marblegate will announce additional details about the location of the new Clubhouses later this fall and will model the spaces based on driver feedback in an effort to cater to their specific needs.

Marblegate pioneered the Taxi Clubhouse in recognition of the need to better support the experience of drivers and the crucial role they play in NYC's transportation infrastructure. The Taxi Clubhouse in Chelsea offers a private lounge exclusively available to NYC professional drivers that provides them with a dedicated space to rest, relax, and recharge during their shifts. The space also contains restrooms, free coffee and tea, WiFi, games, an exercise area, massage chairs, a prayer room, and personal access to people who can assist drivers with their individual needs and provide general industry information.

Senator Charles Schumer, TLC Commissioner David Do, and New York City Taxi Workers Alliance Executive Director Bhairavi Desai joined Marblegate for the ribbon cutting of its first Taxi Clubhouse in February 2023.

"Marblegate entered the taxi industry in 2018 with a vision of driving positive change for the industry by treating the long-neglected driver as the customer, with a goal of returning dignity and financial success to drivers and their families after a devastating medallion debt crisis," said Andrew Milgram, Chief Executive Officer of MCC. "The feedback we received from drivers in response to the first Taxi Clubhouse was incredible and we knew that our team had to work to expand this invaluable resource to additional locations. This announcement is just the beginning of our efforts to bring more creative and common-sense solutions to the taxi industry and we look forward to announcing additional details about these new locations."

New York City taxi drivers have some of the most difficult jobs in the city and routinely face challenges to meet some of their most basic needs during long shifts, including finding a space just to use the restroom, eat a meal or take a break outside of their cabs. The Taxi Clubhouse offers a respite for drivers to help deliver meaningful improvement to their working conditions, presenting a clean, easily accessible space that features a wide-range of amenities designed to provide drivers with a dignified space to access either during or before their shifts. Since opening, more than 2,000 NYC taxi drivers have visited the Taxi Clubhouse, nearly 20% of the city's yellow cab drivers.

Signal Taxi, MCC's taxi fleet operation, is currently the second largest taxi operation in New York City. Recently, Signal Taxi has been adding over 50 new wheelchair accessible vehicle (WAV) taxis into operation each month, contributing approximately 30% to the city's overall growth in new WAV taxis, and putting Signal on pace to become the largest fleet in NYC. Signal Taxi is already the city's largest taxi fleet of WAVs and its fleet consists primarily of new hybrid WAV vehicles with state-of-the-art equipment.

MCC believes it is the largest publicly traded company of its kind in the NYC taxi market. Leveraging Marblegate Asset Management's years of deep industry experience and expertise, and strong portfolio operations capabilities, MCC aims to transform and institutionalize the taxi industry. Marblegate played a pivotal role in the successful launch and implementation of the NYC MRP+ medallion debt relief program, designed to provide financial relief to drivers who were previously subject to predatory lending practices, catalyzing positive change in the industry and underpinning its ongoing recovery.

About Marblegate Capital Corporation
Marblegate Capital Corporation (OTCQX: MGTE), is a vertically integrated, full-service fleet operator and specialty finance lender in the NYC taxi market. Marblegate Capital Corporation specializes in NYC taxi medallions as a lender, owner, and fleet operator. With a loan portfolio collateralized by nearly 1,700 medallions and over 2,000 medallions owned, we believe we are the largest lender and owner of NYC taxi medallions as well as one of the largest NYC medallion Fleet operators*. What differentiates us is our end-to-end understanding of the taxi business and position as the most impactful player in the industry driving positive change. Marblegate Asset Management serves as Marblegate Capital Corporation's external manager.

*As of June 30, 2025.

View original content:https://www.prnewswire.com/news-releases/as-original-taxi-clubhouse-surpasses-100-000-visits-marblegate-capital-corporation-announces-plans-to-open-two-new-taxi-clubhouses-for-drivers-while-its-taxi-fleet-operation-grows-to-one-of-the-largest-in-new-york-city-302532810.html

SOURCE Marblegate Capital Corporation

FAQ

What amenities does the Marblegate Taxi Clubhouse (MGTE) offer to NYC drivers?

The Clubhouse offers restrooms, free coffee/tea, WiFi, games, exercise area, massage chairs, prayer room, and personal assistance for drivers' needs and industry information.

How many visits has the original Marblegate Taxi Clubhouse received since 2023?

The original Taxi Clubhouse has surpassed 100,000 total visits since opening in 2023, with visits up nearly 25% in the first seven months of 2025 compared to all of 2024.

How many wheelchair accessible vehicles (WAVs) is Signal Taxi adding to its fleet?

Signal Taxi is adding over 50 new wheelchair accessible vehicles (WAVs) each month, contributing approximately 30% to NYC's overall growth in new WAV taxis.

What percentage of NYC yellow cab drivers have visited the Marblegate Taxi Clubhouse?

Nearly 20% of NYC's yellow cab drivers (over 2,000 drivers) have visited the Taxi Clubhouse since its opening.

Where is Marblegate's original Taxi Clubhouse located in NYC?

The original Taxi Clubhouse is located on West 22nd Street in Chelsea, New York City, opened in February 2023.