LEXINGTON — The University of Kentucky Gatton College of Business and Economics is considering moving to a location closer to downtown Lexington, school officials said.

        Richard Furst, dean of the college, said the project to construct a building on a parking lot near Memorial Coliseum is in the early planning stages.

        Mr. Furst also said the proposed move has yet to get approval, and that the college will look at other sites. It is conducting a preliminary feasibility study on the site for the project, which he estimated at $60 million to $70 million.

        “I have to stress that nothing is concrete,” he said. “We're not sure about anything — where it will be, even if it will be.”

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