The Wayspot was moved to its correct location during voting. The current and correct location of the Wayspot doesn’t meet the criteria to appear in Pokémon GO.
After a nomination is approved by reviewers, there is an additional automated review that determines whether the nomination is an appropriate fit for each particular Niantic game. Each game has their own set of criteria for this step, so some nominations may be accepted into one game but not another.
The most common reason that an eligible nomination is not added to Pokémon GO is because the nomination is too close to existing PokéStops or Gyms.