One of Bloomberg's predecessors had a similar experience with a bicycle bill. In 1984, Mayor Ed Koch was poised to sign a law regulating the bike messenger business, but after hearing opponents at the bill-signing ceremony he put off a decision.
He asked his law department to review one area that concerned him and ended up signing the measure the next month.
I'm not sure what the law is supposed to accomplish
the bill, which would limit pedicabs in the five boroughs to 325 - eliminating at least 175. It would also ban electric assist, a small motor that makes it easier to pedal.
The package of regulations would mandate steep insurance policies on an industry that has never suffered a fatality..., grant police the power to ban pedicabs from any part of the city for up to 14 days at a time and to close off midtown to pedicabs entirely during the Christmas holiday season.
But one city council member said it was supposed to maintain the value of a NYC taxi medallion - even though there's no evidence that the value has dropped in the 12 years that pedicabs have been operating. I'm no economist, but that sounds like bad policy. If the medallions are becoming less valuable because of reductions in taxi customers - you don't reestablish their value by removing the competition that customers have been voting for with their wallets. You do one of two things - let the value drop and tell taxis to provide better service, remove some medallions for the pool