The location of the Kellogg School of Management’s new facility will be announced later Spring Quarter, said Al Cubbage, vice president for university relations, in an interview Monday. Cubbage and Northwestern University President Henry Bienen declined to name the location.

Last spring, Kellogg Dean Dipak Jain said the school was in the “planning phase” for a new facility that would make room in the Donald P. Jacobs Center for other social sciences.

The funding for the new Kellogg building is still not secured, Bienen said.

“With the best of luck, if we get a lead gift and there’s other funding in place, maybe you could start construction a year or so from now,” he said. “That would be really optimistic.”

Bienen will be traveling abroad in the coming weeks to speak with a donor about a major gift for the school’s new facility. The cost of constructing a new building would be in the “hundreds of millions of dollars,” he said.

He added that no funding for the Kellogg building will come from the general university fund.

“You expect a business school to ‘float’ itself,” he said. “It could borrow money from the university … but it would have to basically finance its own building.”

Plans for the Jacobs Center renovation remain in the preliminary stages. While the university will not likely renovate the entire building, Bienen said he thinks the best use of the space would be a consolidation of other departments and a “major student eating space.”

Despite the lagging economy, Bienen said Kellogg is not struggling as much to raise money as might have been expected.

“It’s been better than I would have thought,” he said.

Jain could not be reached for comment Tuesday.