Huffpost Arts

One Of The Nation's Oldest Art Museums Plans To Dissolve

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CORCORAN GALLERY
Eileen McCrory, who visiting from England, walks toward the entrance of the Corcoran Gallery of Art in Washington, Thursday, May 15, 2014. Washington’s oldest private art museum located near the White House will have a very different future. Plans are now finalized for the long-struggling Corcoran Gallery of Art to be taken over by George Washington University and the National Gallery of Art. (AP Photo/Kevin Wolf) | ASSOCIATED PRESS
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WASHINGTON (AP) — One of the nation's oldest museums, known for its daring contemporary art exhibitions next to the White House, is being taken over by two larger institutions and will soon close for renovations.

Under an agreement signed Thursday, the long-struggling Corcoran Gallery of Art and its college will be taken over by George Washington University and the federally funded National Gallery of Art.

Under the plan, the Corcoran will close around Oct. 1 for renovations. When it reopens, it will offer free admission.

The university will take ownership of the building and Corcoran College of Art. The National Gallery will take responsibility for the art collection and will present modern and contemporary exhibits.

The Corcoran was founded in 1869 with a mission dedicated to art and "encouraging American genius."