No one can reasonably argue that COVID 19 has not gutted the NY economy and made it the least desirable human habitat in the country. The subways and the congested high rises don't work well during a pandemic. The small businesses are devastated. Major corporations are moving out or having people work remotely. The tax base is seriously depleted. The City today makes the early 90's Dinkins New York look like a utopia by comparison. The question is... does the country really need or want megatropolises like this any more? If not... why throw good money after bad?
Link: https://thehill.com/opinion/technology/499393-new-york-city-will-turn-into-shell-of-former-self-after-coronavirus-crisis