The Central Otago District Council is considering selling the building, saying it is surplus to its needs.
A meeting was held at the hall this week to gauge the community's attitude towards the possible sale.
Teviot Valley Community Board chairman Raymond Gunn said the feeling at the meeting, attended by about 30 people, was that they were "pretty keen to keep it. There are more permanent people in the village now ... ''
The only likely way of keeping the hall for public use was to set up a community group to take responsibility for the hall and apply for funding for its upkeep, he said.
Its fate will be discussed at a Teviot Valley Community Board meeting next Thursday.
Thirty-year Lake Roxburgh resident Bob Murphy said he "certainly'' wanted to see the building retained for the community.
"It's a great hall. We don't want to see it knocked down or sold or anything like that.''
It was not well utilised, he said.
"It's probably only used half a dozen times a year.''
Social occasions such as weddings and birthdays were hosted at the hall by residents of the wider Coal Creek valley, he said.
"It wants a bit of TLC on the outside. It'll need a bit of Colorsteel.''
There were about 40 houses in Lake Roxburgh of which roughly a quarter would be holiday homes, he said.
The hall was built in the late 1940s as part of the Lake Roxburgh hydro scheme.
