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This won't make a difference for Picasa users who use the photo management software to manage their photos locally only.
I suggest you download Picasa from the official website to have local access to the installer.
While Google may keep it up after it shuts it down, you may want to have a backup of it at hand should you require one.
As of March 15, 2016, we will no longer be supporting the Picasa desktop application.
For those who have already downloaded this—or choose to do so before this date—it will continue to work as it does today, but we will not be developing it further, and there will be no future updates.