A GUGGENHEIM-style art museum has been floated as one of the possibilities for the next phase of development in the Mildura arts precinct.

Mildura Rural City Council has bought 9 Chaffey Avenue for $745,000 with a view to completing the makeover of the precinct.

Sitting next to Mildura's most important heritage building, Rio Vista, it is the last remaining property within the precinct that counc...