The Houston Museum of Art will close this summer and its collection of art will go live on the internet in a few weeks, the Houston Chronicle reported Tuesday.
The museum, a major arts institution, closed its doors in the fall of 2018 after more than 100 years in business.
Its former president and chief executive officer said in a statement the decision to close was a difficult one.
The Houston Chronicle said the new collection will be opened on March 6 and will include nearly 2,500 pieces of art.
It is the latest major museum to be hit with a loss in revenue, with many smaller museums reporting a sharp drop in donations.
The Houston Art Museum, which hosts exhibitions, classes, and concerts, lost $15.5 million in 2017.