​PORTSMOUTH, Va. (WVEC) -- The Board of Directors of the Virginia Sports Hall of Fame and Museum voted last week to move the museum from Portsmouth to Virginia Beach.

The board members are hoping to move to Virginia Beach Town Center and offer new programming at that location.

Chairman of the board, Joel Rubin, said those new programs include self-guided tours and different speaking events. He said Town Center is an ideal location because of the multiple different venues, shops, and foot-traffic.

"There aren't a lot of places in Virginia that works for us like Town Center," he said.

At the new location, Rubin said the idea is to have the multiple exhibits in multiple lobbies of the different businesses at Town Center.

This move is the most financially responsible thing to do, according to Rubin. He said going from Portsmouth to Virginia Beach could save them around $700,000 per year.

That goes a long way for the Virginia Sports Hall of Fame, which is hoping to one day be self-sustaining.

The board of directors also hopes to rely on private sponsorship rather than government funding.

The museum's location in Portsmouth is set to close June 30.