Officials insist putting the artefact on show would cost £1m more than originally anticipated.
The cash machine was "dragged away" by a truck, police say.
The plans include 21 "affordable' homes to create a "sustainable, attractive new community".
Petitioners want the council to resurrect plans to display the ancient fossil in Oakham.
Lewis Moody is taking on a 500-mile bike ride to fundraise for Motor Neurone Disease (MND) research.
Former England rugby captain stopped by his old school in Oakham, Rutland, while on his epic 500-mile challenge.
Ndricim Jakupi, 30, will appear in court on Monday, Leicestershire Police says.
A 30-year-old man has been arrested on suspicion of attempted grievous bodily harm, police say.
The route would begin near Oakham Library before continuing along Catmos Street and Stamford Road.
