Luton Borough Council has maintained that it remains committed to sourcing funds for repairs to Wardown Park Suspension Bridge, after a bid to secure lottery money failed.
The bridge was first closed for the Love Luton festival in July 2012 due to safety concerns and has remained locked up since.
Council chiefs first reported that repairs would cost £200,000- but they have now found that work on piers, timber beams, bolts and cable connections will tot up closer to £300,000.
To help with the sum the council investigated the possibility of a Heritage Lottery Grant Fund, but were told that an application “would be unlikely to succeed.”
A spokesperson said: “While funding for its repair has not yet been secured, we appreciate the importance it has in the community and officers are continuing to seek funding streams from all possible sources; and it will be considered at a future executive meeting.
In the meantime town resident David Hempenstall has set up a government petition for funds to “save this iconic piece of Luton’s history”.
>To sign the petition log on to http://epetitions.direct.gov.uk/petitions/63657