As per comments from the birdman, Tony Hawk, himself, plans for a follow-up game were scrapped when development studio Vicarious Visions was merged with Activision Blizzard.
Were you one of the 1 million people that enjoyed Tony Hawk’s Pro Skater 1 + 2 Remaster when it launched back in 2020?
Vicarious Visions would instead be put to work on Diablo 2: Resurrected, and the THPS Remake project would halt.
“I wish I could say that we had something in the works, but Vicarious Visions kind of got disbanded…”