It's been suggested in the past and pretty much declined by Artificial.
The only way this would go through is if a member would host it since Arti won't bestow money for the host.
actually he said we could have it as long as we finished everything and he just had to put it up....then lg got shut down, u got banned and s8ter lost interest or something and it never happened. i would still like to see a private LG server like before