My panda hot take is that the wrong zoos have them, for the most part. National Zoo definitely should for symbolic / diplomatic reasons, San Diego might as well because it’s already a tourist attraction. But a study showed that even the Bronx couldn’t reliably break even on the loans.
$1,000,000 per year per animal is a lot for a non-profit with a largely regional or local tourist base that can’t really charge more than $50, tops, for admission. Most can’t justify more than $20. For a family of three pandas you would need to draw in 300,000 visitors who wouldn’t otherwise visit the zoo at $20. $50 it’s still 120,000. That’s before exhibit upkeep, food, marketing budgets, etc.
Theme parks can charge way more than anyone else and see way higher tourist figures. Given the Disney Corporation’s ties to the Chinese government and struggle to get visitors to Animal Kingdom it’s surprising they haven’t tried harder to get pandas. They’re one of the only US zoos that could turn a profit on them.
Other hot take is that the energy spent courting China for pandas would probably be better spent building ties with Australia and Ecuador, the other reluctant exporters with cool species.