The incident happened before 6 a.m. at the Parrish Manor Mobile Home Park near Drayford Way and Muxbere Way off of Jones Sausage Road.
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The driver said he picked up a man at the complex but before they left, the man asked the driver how much the ride would cost.
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The driver said as he answered, the man pulled out a gun and demanded all of his money or he'd kill him.
Police said the suspect got away roughly $100 in cash.
The cab driver was not injured.