I think there's a bit of an elephant in the room here that everyone is missing. In my mind, the dropping of attendances has little to do with the world's financial problems, ICT's lack of U19s, ICT slashed budget or any other reason. The reason is what the fans are seeing on the pitch. If the club continually goes down the path (and have a manager who seems desperate to do so) of signing players with no connection or interest in the club or the area, sign players that play for themselves and not the club and have a manager who seems quite content on taking a "don't get beat " attitude, even at home while playing a kick and rush style of football, with any direction that is in it, directed towards a man of 5"7. These tactics are an insult to Billy McKay and even more so, to the supporters.
You paint up all the reasons you want to try and cover-up the issue, but none as far as I can see, are the whole reasons why. I believe, and always have believed, that if you put a product on the park that entertains and excites the fans, play players who the fans feel connected to and play players that give their all for the club and play for the shirt - the fans won't turn away.