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Speaking on his weekly radio show on WABC, Mayor Mike Bloomberg announced he would veto the City Council's legislation capping the number of pedicabs in the city at 325:

However, the mayor also said he may be amenableto a revised version that simply raised the cap on the vehicles, knownas pedicabs. He suggested 500 as a limit.

Bloomberghad supported the pedicab regulation measure as it moved through theCity Council. But during a bill signing ceremony on March 14, hepostponed his decision after hearing arguments from a group of pedicabdrivers who said the proposal would cost them their jobs.

"Let the free marketplace decide," Bloomberg said Friday during his weekly radio show on WABC.

StuLoeser, a spokesman for the mayor, said that Bloomberg did favor thebill's measures that called for basic safety and insurance regulationsfor pedicabs.

The mayor acknowledged it'slikely the City Council could override the veto, but urged citizens tolobby for a cap removal or one that's higher.

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