Which is why government typically rubberstamps every developer request to clearcut new forests and turn under new grassland, to build a new poorly built development of McMansions that will probably have to be extensively rebuilt within 5-10 years due to the apalling build quality.
Same reason no one builds affordable homes. Why develop homes for the poors, for 100k, when they can make McMansions on the same land, and sell them for 1mil+ a pop.
If Central Park was proposed today, it would be decried as a waste of valuable property (and probably liberal wokeism)