Although Rick Moranis has been maintaining a low profile over the past decade or so, hopes were high the Toronto-born former SCTV star would resurface to reprise one of his most iconic roles in the upcoming Ghostbusters reboot.

That won’t be happening, and to answer the public outcry, the 62-year-old star granted a rare interview to The Hollywood Reporter to address his absence from the film, featuring Kristin Wiig, Kate McKinnon, Melissa McCarthy and Leslie Jones as new-generation spook-wranglers.

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“I wish them well,”; says Moranis of the new Ghostbusters. “I hope it’s terrific. But it just makes no sense to me. Why would I do just one day of shooting on something I did 30 years ago?”;

As Moranis explains, he took a hiatus from Hollywood after his wife’s death from cancer in 1997. “I took a break, which turned into a longer break,”; he says. “But I’m interested in anything that I would find interesting. I still get the occasional query about a film or television role and as soon as one comes along that piques my interest, I’ll probably do it. [But Ghostbusters] didn’t appeal to me.”;

Related: Bill Murray On Resisting “Ghostbusters’: “I Didn’t Want To Overshadow Them’

As for walking away from Tinseltown at the height of his fame, Moranis says he has no regrets. “I was working with really interesting people, wonderful people,”; he tells THR. “I went from that to being at home with a couple of little kids, which is a very different lifestyle. But it was important to me. I have absolutely no regrets whatsoever. My life is wonderful.”;