LEXINGTON, Ky. (AP) - The University of Kentucky is considering a major overhaul of its athletic facilities, a move that would include replacing Rupp Arena.

The school and the Lexington Center Corp., which operates Rupp Arena, have given permission to a sports marketing company to conduct a financial feasibility study on the projects.

The study is being conducted by IMG College and will focus on the ability for IMG and International Stadia Group to provide private financing for the entire project. The study is expected to take about six months.

Along with replacing Rupp Arena, the project would include renovating Commonwealth Stadium and building a new on-campus facility for the baseball team.

The school's lease with Rupp Arena runs through 2018.

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