Johnny Depp’s feature film version of "The Lone Ranger" isn’t dead yet, as a film crew was told Wednesday night to hold off on tearing down a Western town set that had been built for the production in New Mexico, reports the Los Angeles Times’ Company Town blog.

Since Walt Disney Studios halted production last Friday on the updated version of the classic TV show, the filmmakers have been trying to pare down the estimated $250 million cost to Disney’s demand for a budget of about $210 million. Producer Jerry Bruckheimer, director Gore Verbinski and actor Depp have agreed to cut their compensation as a way to meet Disney’s demand, the story says.

Depp, who is slated to play the Lone Ranger’s Native American sidekick Tonto, said via email that "everything will work out as it should," according to the report. Representatives for Disney and Bruckheimer declined to comment, while a spokeswoman for Verbinski said he was unavailable.