Retired Maj. Gen. George H. Harmeyer says the new museum will be near the Infantry Museum and will be constructed with a combination of public and private funds.
Harmeyer is chairman of the National Armor and Cavalry Heritage Foundation, which will raise the private money needed to turn a storage facility into a museum.
There is $33 million for a facility to store armor and cavalry artifacts in the Base Realignment and Closure provision that brings the Armor School from Fort Knox, Ky., to Fort Benning.
The foundation has a fundraising goal of $42 million to augment the federal money.
Harmeyer says construction is scheduled to begin in about a year.