There's belief the Christ Church Cathedral will be rebuilt eventually, despite ongoing funding issues.
The Reinstatement Group has announced it's pausing work - until more funding is found.
The Finance Minister confirmed this month that no more cash will go to the project, leaving it short $85 million.
Project chair Mark Stewart says the Government needs to play a part in the rebuild, but acknowledged constraints.
"People are suffering out there, there is a cost of living crisis, there is fiscal restraint - and we need to be recognizant of that and understand the timing too."
He says they're committed to keeping funding conversations alive with the Government, the City Council and donors.
LISTEN ABOVE

Gavin Grey: UK correspondent on Labour's poor showing at the local elections
03:41

Geoff Bertram: energy economist on the Greens calling for the Government to bring down power prices
05:43

Shane Solly: Harbour Asset Management expert on the market reactions to the 'no deal' announcement on the Middle East conflict
03:07