Dumfries and Galloway Council has postponed a decision on whether to come up with £1 million pounds towards the Star of Caledonia sculpture in Gretna.
Councillors say they need more time to look at the funding process before giving the money.
One million pounds has already been pledged from other sources to help pay for the landmark on the Scottish English border.
The council will look at the funding issue again at a meeting to be held in May.
Dumfries and Galloway Council will make a decision today on whether to match the £1million already pledged to help fund the 'Star of Caledonia'.
This artist impression shows the tourist attraction which will mark the English Scottish Border at Gretna.
A multi-million pounds sculpture has been given the go-ahead by planners this afternoon.
The 'Star of Caledonia', which will mark the Scottish/English border at Gretna, could be completed by the end of next year.
Those behind the project now have to source £3.8 million of the total cost of £4.8 million before it can progress to the next stage of construction.
Councillors are expected to approve plans for the 'Star of Caledonia' in Gretna.
The landmark will be southern Scotland's answer to the Angel of the North.
Designers behind the scheme are responsible for creating works such as 'Nothumberlandia' and the controversial 'Orbit' at the London Olympics.
If plans are given the go-ahead, project organisers will be in a position to source funding for the £4.8 million landmark.