Panthers Extend Bank of America Naming Rights and Unveil $1.3 B Stadium Revamp

The Carolina Panthers announced a long-term extension of the naming-rights agreement with Bank of America and an additional $500 million for stadium renovations, bringing total investment to over $1.3 billion. The project will overhaul the 30-year-old venue, add a 4,400-seat entertainment space, and target completion by 2030.

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Bank of America secured naming rights in 2004, succeeding an earlier Ericsson deal when the stadium opened in 1996. The renewed agreement builds on a partnership that began in the early 1990s when former Bank of America CEO Hugh McColl helped bring an NFL franchise to the Carolinas. The upgrades align with the Panthers’ “Charlotte corridor” vision to make the area a year-round destination for sports, concerts and community events.

Fox Business (website)ESPNBank of America and Carolina Panthers Extend Naming Rights for Bank of America Stadium, Reinforcing Long-Term Commitment to Charlotte and the Carolinas Bank of America Extends Naming Rights as Panthers’ Stadium Renovation Cost Grows to $1.3B, Complete by 2030 Bleacher Report

• Original renovation budget (2024): $800 million (city $650 million, TSE $150 million).

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• Additional private investment: $500 million, fully funded by TSE.

Bank of America and Carolina Panthers Extend Naming Rights for Bank of America Stadium, Reinforcing Long-Term Commitment to Charlotte and the Carolinas

• Total projected cost: >$1.3 billion.

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• New venue capacity: 4,400 seats, targeting 80–100 events per year.

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• Fan-experience upgrades include expanded gathering spaces, a 500-level patio with city views, larger scoreboards, upgraded seating, premium technology, more retail and food options, and an illuminated crown on the exterior.

Bank of America Extends Naming Rights as Panthers’ Stadium Renovation Cost Grows to $1.3B, Complete by 2030

David Tepper said the naming-rights extension reflects a “strengthened partnership” and a shared commitment to the Carolinas. Bank of America chair and CEO Brian Moynihan highlighted the bank’s ties to Charlotte and the stadium’s role in attracting visitors. Team president Kristi Coleman noted the renovations aim to support bids for marquee events such as a Super Bowl, the NFL Draft and the 2031 Women’s World Cup, while acknowledging no guarantees. Mayor Rob Harrington described the stadium as a “crown jewel” that supports jobs and the local economy.

Bank of America Extends Naming Rights as Panthers’ Stadium Renovation Cost Grows to $1.3B, Complete by 2030

• “The long-term extension with Bank of America reflects the strength of our partnership and our shared commitment to the Carolinas.” — David Tepper

Bank of America Extends Naming Rights as Panthers’ Stadium Renovation Cost Grows to $1.3B, Complete by 2030

• “ Bank of America Chair and CEO Brian Moynihan added, "Over the years, Bank of America’s partnership with the Carolina Panthers has become one of the most enduring in professional sports.” — Brian Moynihan

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Renovations are slated to finish by 2030, allowing the Panthers to continue hosting NFL, MLS and other events during construction. The new entertainment venue will open as part of the “Charlotte corridor,” offering a diversified schedule that can attract visitors throughout the week. Officials note that additional infrastructure, especially hotel capacity, will affect future Super Bowl or major tournament bids.

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