The Town of Drumheller will hold a special council meeting to discuss the closure of Tyra, the World's Largest Dinosaur.
Council will meet Thursday afternoon.
"The Chamber has notified the town that its lease on the building will conclude in December 2029 and has indicated it will not seek renewal," said a release from the town.
"Under the lease agreement, the Chamber is the sole owner of the World's Largest Dinosaur and is responsible for its construction, maintenance, operations, and any future decisions regarding its decommissioning."
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Drumheller Mayor Heather Colberg said the news came as a shock.
"The Town was not made aware of this decision until it was publicly announced last night at the Chamber of Commerce’s annual general meeting."
Colberg said the dinosaur is a major contributor to the tourism industry in the area.
"The Drumheller Valley remains a world-class tourism destination with several tourism attractions that support businesses in the valley. The town, alongside Travel Drumheller, will continue to promote and support local tourism initiatives, ensuring that the Valley remains a premier attraction for visitors from around the world."
A motion from council will follow an in-camera meeting.