The museum honoring late Colombian composer Jorge Villamil Cordovez announced it does not have the resources to remain open due to public and private subsidization, reported local media Wednesday.
The museum told media last week it would most likely have to close its doors due to a lack of funding.
The exhibit is located in the south central Colombian town of Neiva where Cordovez was born. The revered composer gladly donated hundreds of pieces and elements of his life to the musuem while he was alive.
Cordovez released more than 200 songs in his lifetime and was recognized for his command of Colombian musical genres, ranging from porro, a Carribbean cumbia, to bolero, a slow-tempo ballroom dance.
The legendary musician won several awards for his compositions and was one of the founders of the National Bambuco Festival in his hometown.
His songs are part of Colombian history and have been interpreted by many famous international and Colombian artists.
Cordovez passed away at his home in Bogota in March 2010.