Because the main purpose of replanting trees to is be able to harvest them again in the next few decades. Private land owners generally aren't interested in creating old-growth forests, they're trying to make money.
It's not exactly ideal, but ending up with more biodiversity is likely a good thing even if it will be logged again later.
If you want more old-growth forests there's going to have to be a _lot_ more subsidies to private owners to literally pay them to not log their land.