Fishermans Bend was meant to house 80,000 people. What happened?

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Fishermans Bend was meant to house 80,000 people. What happened?

https://www.theage.com.au/national/victoria/fishermans-bend-was-meant-to-house-80-000-people-what-happened-20230627-p5djsj.html

Fishermans Bend could ease the housing crisis. It’s close to shops, jobs and services. It just needs a tram line – but the trams aren’t coming.

Fishermans Bend was meant to house 80,000 people. What happened?