Sydney, Australia is “closed for business.” It doesn’t want any additional growth or investments, and doesn’t want to attract more tourists. Local government officials and regulators feel that they have enough on their plate and don’t need any new developments that might create more jobs and bring in more revenue to the area. At least, that’s what some are saying after the Star Entertainment Group saw its plans for a new hotel tower rejected.

The Independent Planning Commission (IPC) permanently put the topic to rest this week when it said thanks, no thanks to Star Entertainment and its massive project. News of the denial led to a number of people in the industry speaking out, admonishing officials for the decision and asserting that investors will now be turned off to any possible development plans in the area.

Margy Osmond, the Tourism and Transport Forum CEO, said in a statement, “This is a sad day for Australian tourism. After four long years and millions of dollars invested on extensive consultation with the government, the community and stakeholders, for an unelected planning body to arrive at a decision like this is simply short-sighted.

She added, “The city is crying out for more hotel accommodation and we can’t get enough luxury beds built. [The] decision by the Independent Planning Commission sends a message to local and international investors that Sydney, the Gateway to Australia is closed for business.”