President Donald Trump said the center needs to close for two years for renovations, then will return with a "Grand Reopening."

The announcement follows a wave of cancellations since the president ousted the previous leadership and added his name to the arts venue.

As President Trump prepares to shut down the Kennedy Center for renovations, sources told CBS News there has been no discussion of demolishing or gutting the building.

Members of the Kennedy family say the president's actions are meant to distract from his many other transgressions.

The president’s temporary closure of the institution is an acknowledgement that his initial makeover strategy was a failure.

Even in the best-case scenario, the president’s plan will only strain the performing arts ecosystem required for the center to thrive.

The President is closing the famous arts institution, ostensibly for renovations, though the decision comes after several artists have canceled performances amid controversy.

President Donald Trump announced Sunday that he has determined that the Kennedy Center for the Performing Arts in Washington, should close for about two years