#United States #New York #Marblegate Capital #Meera Joshi #NYC Transportation

Marblegate Capital Corporation Welcomes Meera Joshi to Its Board of Directors

On April 23, 2025, Marblegate Capital Corporation (MCC) announced a significant addition to its Board of Directors with the appointment of Meera Joshi, a renowned figure in transportation policy and management. MCC, a publicly traded company on the OTCQX under the ticker MGTE, seeks to capitalize on Joshi’s expertise to further advance its strategic goals in the taxi industry.

Joshi’s illustrious career includes her tenure as the First Deputy Mayor for Operations under New York City Mayor Eric Adams, where she oversaw key infrastructure initiatives. Her background also includes a role as the Administrator of the Federal Motor Carrier Safety Administration within the U.S. Department of Transportation, emphasizing her comprehensive experience in the transportation sector.

With a passion for improving taxi services and advocating for driver rights, Joshi’s history of establishing effective transportation policies will be invaluable to Marblegate. Andrew Milgram, CEO of MCC, expressed his confidence that her extensive experience in regulatory environments and tactical transportation management will play a crucial role in their mission to stabilize and improve the industry.

Prior to her role as Deputy Mayor, Joshi served as Chair and CEO of the New York City Taxi and Limousine Commission from 2014 to 2019. During her leadership, she implemented notable policies aimed at enhancing service quality and accessibility, including:

• - Instituting robust open transportation data standards.
• - Creating the nation’s first pay protection program for for-hire drivers.
• - Expanding transportation access for passengers with disabilities via wheelchair-accessible services.

Joshi's resume also features positions as the General Manager for the New York Office of Sam Schwartz Transportation Consultants, showcasing her diverse experience in both public and private sectors. Furthermore, she has contributed to academia as a visiting scholar at NYU's Rudin Center for Transportation Policy.

Joining the Marblegate Board, Joshi will collaborate with notable members including Harvey Golub, the former CEO of American Express and current Chairman of MCC, and Andrew Milgram himself, who is the Chief Investment Officer and co-founder of Marblegate Asset Management. Other board members include Sarah Feinberg, known for her leadership in North America’s largest transit system, and Frederick Herbst, a seasoned financial executive.

MCC identifies itself as a leading vertically integrated, full-service fleet operator and specialty finance lender in the NYC taxi market. With a dedication to transforming the industry, Marblegate leverages its extensive operational knowledge and strong portfolio to create a positive impact in the taxi sector. The company also played a pivotal role in introducing the NYC MRP+ medallion debt relief program, designed to support drivers previously subjected to unfavorable lending practices.

With Joshi’s proven track record in transportation reform and her commitment to serving underserved communities, her board appointment signals Marblegate Capital Corporation's intent to usher in a new era of innovation and driver-oriented changes in the taxi industry. Marblegate continues to strive for enhancements that can stabilize and revitalize an essential transportation segment in New York City, underscoring their resolve to champion driver welfare and operational excellence.

In summary, Meera Joshi’s appointment marks a strategic move for Marblegate Capital Corporation and sets the stage for impactful changes that prioritize both drivers and consumers in the dynamic landscape of the NYC taxi market. As the company looks to the future, her leadership is poised to ensure that Marblegate navigates complex regulatory frameworks and spearheads necessary transformations in the transportation sector.