This news comes to us from stuff.co.nz, as well as a certain friend who lives in New Zealand:

“Plans for a Lord of the Rings tribute in Wellington have been put on hold till the first film in the trilogy is released later this year. Plans included the screening of the New Zealand premiere for the Lord of the Rings in Wellington, a bronze statue of characters from the series, and a museum based on the movies and the making of the movies.” [More]