a project doesn't have to make sense to go ahead
I agree, if the coffers are full and the good times look like they'll just keep on rollin'. Edinburgh trams anyone?
However, in this economic climate where the government are canning projects to build SCHOOLS, I doub't you'll find anyone except the enthusiastic minority supporting this. The public sector won't touch it with a barge pole and the private sector have had ample opportunity to get involved and haven't.
Its all about priorities and this project had its chance during the MTB "boom" earlier in the decade. Nobody did anything about it then so they sure as hell aren't going to do anything about it now i'm afraid.