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Hereford United will make a decision what to do with the old social club next month. Better known as the Starlite Rooms, fire gutted the building in 1995.
"Some people would say flatten the building but we are hoping it can be salvaged," Keyte told the Hereford Times.
"It's a bity of an eyesore at the moment and gives the physical image of a football club that, perhaps, has not moved for more than 15 years.
"The roof is the main factor and we are speaking to local electrians, plumbers and tradesmen at the moment before we make a decision in June.
"From all accounts this is a one-off project that could be sorted in eight or nine months after building regulations are put down.
"We are conscious that it's 40 years in February since the win over Newcastle and we might be able to tie that in an opening with that."
