Most things go in cycles. There are lousy seasons and there are spectacular seasons (and in-between). I did take away one thing the article pointed to...people not having a lot of interest in the announced productions. I have to concur. When I was here in October, i had to settle on two slots because there was such a dearth of dramatic offerings. Two of the things I settled on were seeing MR for the fourth time, and Wicked for the tenth(?) time because few of the new offerings (when I was actually going to be in the city) beyond the SS shows -- and, ironically, Harmony, which I really disliked -- held a lot of intrinsic interest. (NOTE: I also did see JaJa's and PV).
Now, looking ahead to Spring, I have only so far purchased tix to one show (Merrily for the second time) because nothing announced so far appeals enough to purchase in advance at regular prices. I will wait for the reviews and hope that a few more things are announced, like some new plays. I would look forward to seeing Appropriate and Prayer, but both are planned as limited engagements.
Re the safety issue, I do think that is overstated. I was there in the 70s and, even in my 20s, I sometimes felt unsafe crossing 8th Avenue to go to the garage where I usually parked (only after I moved from Manhattan). On the other hand, Times Square has become more and more congested, and I find myself planning in advance what route I am going to take from the hotel to the particular theatre to avoid as much of the really crowded area as possible. Add those g--damned characters all over the place, and -- though safer -- it can be just as unpleasant as it was in the 70s.
But I don't believe that is a significant factor...right now I think it is the combination of expense, overall uninteresting inventory of new productions, and -- an outgrowth of COVID -- the impact of streaming services and the increasing quality of their offerings. Finally, there is the 'non-wow factor' of the announced casts. Unlike many of the people on this board (including me), a lot of the bridge and tunnel people only want to see SJP or Jessica Chastain or Laura Linney or Hugh Jackman or Josh or Denzel. Even big stars like Nathan Lane or Audra MacDonald would be more in demand in a new musical (or maybe a great new American play for which they are originating their role). Hopefully, Sutton Foster will be an exception to that rule, although we know ST is not going to have the grosses that Josh Groban commands.
Off-Broadway provides more options, but I will bet that the vast majority of bridge and tunnel people have never seen an off-Broadway production or -- if that is too hyperbolic a statement -- have rarely ventured out of the Broadway theatre district.