LOUISVILLE, Ky. -- A local cab company is firing the first shot in the Derby Week price wars.
Louisville Yellow Cab says they will not apply for a city regulated entertainment increase for their fares, making them one of the few local companies to pass on the hike.
Spokesman Larry Bisig says the entertainment rates could increase the cost of a cab ride up to 200% for the companies that apply for the special rate.
According to a handout from city regulators, the first mile under the "surge" pricing will cost $14.75 compared to standard meter rates which charge $4.70 for the first mile.
Bisig says companies like Uber and Lyft are free to charge what they want since they are not licensed by the city.