Taxi co-op files for Chapter 11 bankruptcy

This story first appeared on BusinessDen.com, a BizWest news partner.

When it received regulatory approval to operate six years ago, Green Taxi Cooperative was hailed in pro-labor circles as a worker-owned innovator that would allow its drivers — including immigrants from 37 countries — to escape exorbitant fees and low wages. 

The cooperative boldly predicted it would put 800 drivers on roads around Denver, which would make it the largest taxi provider in the metro area by far, with a 57 percent market share. It vowed to compete against ride-booking apps like Uber and to…