With no buyer yet found for Grays Funeral Services, its receivers and bank will meet next week to determine its future.
The Rotorua funeral home went into receivership in June, leaving its new development alongside Kauae Cemetery on Ngongotaha Rd unfinished.
Work had ground to a halt after overruns added $1.9 million to the original $1.38 million budget for the project.
Receivers BDO Tauranga advertised the business for sale soon afterwards, with the hope a buyer would complete the development.
In its first report released earlier this month, BDO said it was negotiating with interested parties.