The deal ensures the stadium will continue to carry the bank's name, maintaining one of the NFL's most enduring corporate sponsorships. Beyond the branding agreement, the venue is undergoing a significant transformation. Tepper Sports & Entertainment confirmed it will fund the full scope of requested renovations plus additional design upgrades, pushing the total project cost to over $1.3 billion. The City of Charlotte maintains its fixed contribution of $650 million, while the ownership group covers all remaining costs, including potential overages and long-term maintenance.

New architectural renderings detail a comprehensive overhaul designed to shift the site from a seasonal football venue to a multipurpose hub. The plans feature indoor-outdoor social spaces, a 500-level patio overlooking the city skyline, and a new 4,400-capacity entertainment venue. Renovations are currently underway with a phased schedule intended to keep the stadium operational for Carolina Panthers and Charlotte FC matches throughout the construction period. Interior work is slated for 2026, with fan-focused upgrades expected to begin in 2027.