How sure are you the market will rebound and what assurances do you have to believe this?
Having a bit of prior knowledge about your market, I believe the profitable days of yore are gone. It may rebound but it will surely be different then a year ago. My line of thinking is to find out what the soothsayers in your industry are predicting the industry will look like in a year or two and prepare for that instead. Look backward is a fools foley. Look forward to what it could become.
I'll paint the picture for you. You know the public issues/concerns and you know the legislative pressures. Sooner or later these will forge change. The question is, what will that change look like. Your job is to figure this out and position yourself to capitalize on it. Yes, it's a risk. But that's why research and a lot of conversation with the right people can make the difference.