The outlook is increasingly bleak for the world’s most famous museums, as institutions begin to account for the fact that social distancing will need to continue for the foreseeable future. In Madrid, the board of directors at the Museo del Prado is planning for a 70 percent setback in income.

Spain was of the nations in Europe that was hardest hit by the global health situation, but businesses are slowly creaking back open. The museum, which is known for its impressive collection of Old Masters including Las Meninas by Diego Velázquez, is beginning to work on a multi-step “de-escalation plan” that will culminate in reopening its doors to the public. There is no set opening date, and a spokesperson from the Prado confirms that they are awaiting further information from the government, and that any dates that are set could be changed.

On Tuesday this week, the president of the museum’s board of trustees, Javier Solana, and the museum’s director, Miguel Falomir, video conferenced with Spain’s royal family, King Felipe and Queen Letizia, to discuss the “concerning” financial situation, according to El País. The king and queen are honorary trustees of the historic museum.

In addition to lost income from ticket sales, the 70 percent projected loss considers missed revenues from its boutique, cafeteria, catalog sales, audio guides, as well as space rentals for filming and events. It calculates that it has lost €1 million ($1.1 million) every two weeks since it was forced to close on March 12, according to a report in El País from early April.