That’ll be very hard without accidentally saying something political, but will try with a couple of math comments...
Firstly, they don’t have near enough people vaccinated yet anywhere but even locally. Numbers are not great for that. Especially not tourism.
Which... leads to what they need to do to fiscally save places like Manhattan tourista districts.
And wildly, real estate prices in those places still essentially closed for business haven’t fallen yet, they rose. Which is a sign of a whole lot of wishful thinking, numbers wise.
Been following Louis Rossman’s videos about commercial real estate around his computer repair store. This one I just shook my head slowly the whole time.
I have no idea how normal service / food / whatever low-paid job people afford to live there in normal times.
He had some interesting previous videos on how building owners were “negotiating” rents this year. Short summary was they’d give a discount in 2020 per month and you have to pay it back in a lump sum sometime in 2021.
That’s a recipe for multiple business failures when the Piper comes piping.
Staying out of politics, they may have made it better or worse, kinda doesn’t matter. $30K a month for a restaurant space selling food socially distanced or extended outdoors even... at about maybe $20/plate... well the basic division doesn’t look good no matter what they did.
Most of those places don’t operate with any more than a month of capitalization and it’s constantly tied up in food/inventory. Not much left after COGS.
Uggggly numbers.