Carmarthen's MP Simon Hart is asking town residents whether they think the County War Memorial should be moved.
The statue on Priory Street commemorates the 1,913 men and women from Carmarthenshire who died in both World Wars and the Korean War.
Mr Hart explained: "The statue was put up on Priory Street because it was right outside the Infirmary where the war wounded came home to recover.
"But the problem is that you could argue that its location is now irrelevant – the Infirmary is derelict and set to become flats and the nearest landmark is the Lidl store."
Mr Hart has now leafleted parts of the town with a survey which includes a question about the possible relocation of the statue. He has also written to the South West Wales branch of the Royal British Legion to seek their views.
He is already looking into getting the statue restored with the permission of its owners, Carmarthenshire County Council.
Mr Hart was contacted by a former member of the Royal Horse Artillery who lives in Carmarthen who wrote to Mr Hart to highlight concerns that the memorial was looking dirty and neglected.
"I am looking into possible sources of funding for the restoration of the statue but it occurs to me that this could be the ideal opportunity to relocate the memorial to a more suitable part of town," he added.
"Priory Street has become rather out of the way and you could argue that it is an odd place for the County's main war memorial. But people may feel very strongly that it should stay where it has always been – I'd be very keen to hear people's thoughts on the matter."
*Do you think the war memorial should be moved? And if so, where to? Contact email@example.com with your thoughts.
Simon Hart MP
House of Commons
15, St John St
or 0207 219 3000