Extending phono ground cable

I have a built in cabinet system im my home. For the last few years i have been running it without a turntable. I am now adding a turntable to the mix :)

On the right side of my TV is an encolosure holding my equipment, amp, preamp, CD player and tuner. I was hoping to put the turntable on the left side enclosure and running wires from the TT to the preamp, around the TV, with cables running 10 feet or more. Is this practicle?

Thank you for any information.
-Greg

Thank you for your response, Bob.

I'll look into purchasing a phono preamp. I've seen reviews on some good ones for about $1,000, but I prefer not to spend more than $500. Here are some that have been well reviewed:

Grado PH-1 Phono Stage - $500.00
Bellari VP129 Tube Phono Preamp - $250.00
PS Audio GCPH Phono Stage - $1,000.00 (more than I want to spend)

I know that there is already another thread on this topic, but can anyoune recommend a good phono preamp for $500?

Much appreciated.
-Greg

As an ammendment to my last post, I prefer the phono preamp to support both MM and MC cartridges.

-Greg

Bob,

I'm going old school with my turntable setup: I recently bought a Thorens TD-124 Mk II, an SME 3009 Type II Improved and a Shure V15 Type IV - all bought seperately on ebay. This rig sounds great running through my MAC equipment. Unfortunately, due to my cabinet setup, I'm forced to extend the phono audio cable to about 12 feet. Otherwise I would just use the phone section in the MAC preamp, which is as good as any stand-alone phono preamp out there.

I'll take a look at the AR PH3. It has been very well reviewed. The Clearaudio Basic Plus can also be found used, and it seems to be a nice unit as well.

-Greg