The Virginia Department of Corrections announced it is shutting down the 450-inmate James River Correctional Center, the state's oldest prison, to meet a proposed $10.9 million reduction in department funding.

Closing the prison would fully meet the department’s budget-cut goals, spokesman Larry Traylor told the Richmond Times-Dispatch.

The move could displace many of the 160 employees working at the prison, located in Goochland County. Officials said they would be meeting individually with employees to help find them new jobs within the department. A few parts of the century-old prison will remain open: the James River Work Camp, the prison system’s dairy farm and other agribusiness operations that support the Department of Corrections, according to officials.

The James River prison, which opened in 1896, is Virginia’s oldest prison. The department has shuttered several other prisons in the past several years to meet budget cuts, while a new $105 million prison in Grayson County remains empty.