Organizers say the statue will feature Paterno sitting on a bench reading. It's expected to cost about $300,000 and would hopefully be done in 2015 by Philadelphia sculptor Zenos Frudakis.
Penn State spokeswoman Lisa Powers says the school isn't involved in the plan. But a restaurant owner in downtown State College says he's interested in having the statue in front of his establishment.
In 2012 the school removed a Paterno statue from the campus after an investigative report alleged the late coach and three other top Penn State administrators concealed sex abuse claims against retired assistant coach Jerry Sandusky.
Restaurant plans new statue of Joe Paterno
Two men caught with stolen power pole on SUV in Jacksonville
Pennsylvania liquor stores to increase prices on 422 items today
Shortage of horses could hobble city's plans for mounted unit
FOP says it will replace Atlantic Beach boy's life-saving sleep monitor…