New owners legitimately expected the server to fill up simply on the basis that the old owner was gone. Yet they have done nothing different.
Releasing a roadmap that was simply a list of ideas with no timeframe attached didn't help. Many of the owners aren't willing to put in the effort to contribute to real updates, and the one who is can hardly code without breaking the entire server, and doesn't take criticism or the opinions of others into account and just does as he sees fit.
Lack of good updates and kept promises was a trend with previous ownership, and the new ones are continuing it. There is no future for asylum, there was an opportunity with the wipe with a full server and excited playerbase, yet the developers (current owners) failed to capitalize on this with additional updates. Drastic changes were needed but with 10 players on after a wipe and then also a revamp, I don't see much opportunity for a comeback anymore.