I suppose this is the very definition of developer integrity.
However it’s also worth noting that they were spending that time on other projects making them likely even more money. HL3 isn’t going to have live service or esports applications that make money like their other games do. It probably won’t be a big earner compared to those other games.
Valve are also a privately held company and the rumour is the top people there are crazy rich, and even those further down the ladder earn a lot more than they would elsewhere. They don’t need HL3.
We all want HL3, but other than the story it would probably be fairly stagnant in terms of gameplay - nothing new has really happened in the genre.
https://luxurylaunches.com/transport/gabe-newell-luxury-yach...
They dont have to do anything new, just make it good enough, like Titanfall 2.
> I believe they also said they don't want to do more of the same
I've heard this too, with Half Life they want each game to be groundbreaking. Arkane have done great games, but they're not all groundbreaking, and arguably none of them are to the level that HL1/2 were.
But Gabe has said Half-Life specifically is what they consider their ground breaking series now. So there won't be a 3 until they can push a boundary again like the first 2 did.
This is all speculation based on code leaks, and it's possible this is all true and they still don't release anything because the project stalls. Supposedly the game has moved into the later stages of development, but I'm not fully convinced by that part of the leaks.
[citation needed]
Valve has been mostly silent on the issue (after hyping up EP 3 themselves).