"We will keep it in storage while we continue to look at options for its future but there is no urgency."
Bike tree at Rotorua's Village Green for the 2015 Bike Festival. Photo/File
The giant art exhibition was initially built in 2015 as a temporary installation to celebrate the city's first Crankworx Festival and remained due to popular demand.
The frame cost the council $500 and the 150 or so old bikes hanging from it were donated by the Rotorua community.
In December last year the council was considering options for the bike tree because it had fallen into a "state of disrepair". At the time council strategy and partnerships group manager Jean-Paul Gaston said the council was working on options to give the tree a new lease of life.