The Carolina Panthers and Bank of America agreed to extend their long-term stadium naming-rights deal, with the team sharing on Thursday what the reimagined Bank of America Stadium will look like by the time renovations are finished in 2030.
The bank has held naming rights since 2004, with terms of the new contract not disclosed.
The 30-year-old stadium will undergo a $1.3 billion overhaul, with team owner David Tepper contributing an additional $500 million to the project, which initially had an $800 million budget. The city of Charlotte already has agreed to pay $650 million toward the improvements, which were conceived to transform the facility into more than a football-only destination.
“For over three decades, Bank of America Stadium has helped create lasting memories for our fans and we’re excited for them to see what’s ahead,” Tepper said in a news release. “Our goal is to create experiences that enhance the passion and energy of the region while transforming this corridor into a weekend destination for world-class sports, entertainment and community events.”
Plans call for a new “social patio” on the 500 level, additional fan gathering areas, new scoreboards and renovated locker rooms and offices. A 4,400-seat entertainment venue is planned to be added next to the stadium.
Work already has started on a field house that was part of the original project.
