It's the end of the road for the Herzog & de Meuron-designed new Vancouver Art Gallery scheme, Canadian outlet CTV News reports. 

After winning the architectural design competition more than ten years ago in April 2014 (beating out rivaling schemes from DS+R, Tod Williams Billie Tsien, KPMB, and SANAA from a star-studded international shortlist), the design concept underwent several iterations over the years while construction costs ballooned to $600 million CAD ($430 million USD).

"It has become clear that we require a new way forward to meet both our artistic mission and vision and our practical needs," said Vancouver Art Gallery CEO and executive director Anthony Kiendl in a statement. "For the past decade, we have had the benefit of collaborating with the esteemed Swiss architectural firm Herzog & de Meuron on plans for a new Gallery. However, in view of our reassessment, the Gallery Association’s Board has made the difficult decision to part ways with Herzog & de Meuron."

Kiendl says the institution will hold a "series of opportunities" soon to discuss the project's future with the community.