Was on the cards four years ago or so. It was/is the same forest manager/owner as Llandegla (Tilhill). Presume the economic situation has dried up many investment channels or something along those lines. Might still possibly be in the pipeline tho and happen at some point in the future. Following the success of Llandegla, Tilhill will certainly still be looking for outside investment ops to add value/cash generation to their other land/operations. However, At the Moment the other financial ‘partners’ might not be there or willing ie local/national gov., Lottery funds, EU grants etc.
Altho, may be something as simple as access that put paid to their plan, don’t know.