Is Heaven up and Hell down? Ever since I was a little tyke I have heard people say go up to Heaven or down to Hell. 

Up and down would seemingly have its relationship to the surface of the Earth, and while down in that case can only mean toward the center of the Earth; Up would be relative to where you were on the surface of the Earth.

In the Bible Jesus himself appears to fortify that assumption in:


  John 3:12 and 13 KJV  If I have told you earthly things, and ye believe not, how shall ye believe, if I tell you of heavenly things?  13  And no man hath ascended up to heaven, but he that came down from heaven, even the Son of man which is in heaven. 


and again in:


  John 20:17 KJV  Jesus saith unto her, Touch me not; for I am not yet ascended to my Father: but go to my brethren, and say unto them, I ascend unto my Father, and your Father; and to my God, and your God. 


So when:


  Luke 24:51 KJV  And it came to pass, while he blessed them, he was parted from them, and carried up into heaven. 


So then if up is in relation to the spot where Jesus ascended from, would up on the opposite side of the Earth still be toward the clouds or would it be in the opposite direction?

It would seem more logical to me ascending and descending would be more in line with being closer to God or further away from him.

Has this been addressed before by any denomination, Theology, or Biblical Scholar?
We do not know exactly where heaven or hell is.  However, in Scripture, the word &quot;up&quot; is commonly used in association with the location of heaven and &quot;down&quot; is typically associated with the location of hell, either figuratively or literally.  Also, from the vantage point of heaven, earth is down.
The &quot;up&quot; and &quot;down&quot; context may certainly be completely figurative, as heaven is exalted and glorious and hell is shameful and desolate.
Up to Heaven

And Elijah went up by a whirlwind to heaven. 2 Kings 2:1b NASB
The Lord has looked down from heaven upon the sons of men To see if there are any who understand, Who seek after God.  Psalm 14:2 NASB
We lift up our heart and hands toward God in heaven.  Lamentations 3:41 NASB
And behold, a severe earthquake had occurred, for an angel of the Lord descended from heaven and came and rolled away the stone and sat upon it.  Matthew 28:2 NASB
While He was blessing them, He parted from them and was carried up into heaven.  Luke 24:51 NASB

Down to Hell or Hades

And you, Capernaum, will not be exalted to heaven, will you? You will be brought down to Hades!  Luke 10:15 NASB
In Hades he lifted up his eyes, being in torment, and *saw Abraham far away and Lazarus in his bosom.  Luke 16:23 NASB