{"id":2807,"date":"2026-06-08T17:05:41","date_gmt":"2026-06-08T17:05:41","guid":{"rendered":"https:\/\/raleighmovingnews.com\/?p=2807"},"modified":"2026-06-08T17:05:41","modified_gmt":"2026-06-08T17:05:41","slug":"raleigh-considers-multi-million-dollar-naming-rights-deal-for-convention-center","status":"publish","type":"post","link":"https:\/\/raleighmovingnews.com\/?p=2807","title":{"rendered":"Raleigh considers multi-million-dollar naming rights deal for convention center"},"content":{"rendered":"<div>\n<p>RALEIGH, N.C. (WNCN) \u2014 The Raleigh Convention Center could get a new name.<\/p>\n<p>The city is weighing the possibility of entering into a naming-rights deal for the convention center with a Virginia-based bank.<\/p>\n<p>Read more <a href=\"https:\/\/raleighmovingnews.com\/?p=2805\">Knicks say $1 million was the winning bid for 2 celebrity row seats for Game 3 of the NBA Finals<\/a><\/p>\n<p>The deal is not yet final. Before the city can move forward with a naming rights agreement, it must hold a public hearing.<\/p>\n<p>City staff is proposing a naming rights agreement with Atlantic Union Bank. If approved, the Raleigh Convention Center would be renamed the Atlantic Union Bank Convention Center.<\/p>\n<p>Under the proposed deal, Atlantic Union Bank would secure naming rights to the convention center for 15 years, with options to extend the deal for two additional five-year terms. The bank would pay the city $525,000 in the first year, with annual payments increasing by 2%.<\/p>\n<p>According to the city, if the Raleigh City Council approves the contract, the parties will enter into a written agreement following the public hearing that sets forth the term length and naming rights fee, along with other associated rights and responsibilities of the parties.<\/p>\n<p>Read more <a href=\"https:\/\/raleighmovingnews.com\/?p=2803\">Brendan Sorsby gets injunction vs. NCAA and could play for Texas Tech after gambling ineligibility<\/a><\/p>\n<p>This discussion comes as the Raleigh Convention Center prepares for an expansion project. That project would add nearly 300,000 square feet of space and extend the convention center to the current home of the Red Hat Amphitheater.<\/p>\n<section>\n<div>\n<h2>MORE FROM CBS 17<\/h2>\n<section>\n<h2>\n<p>\t\tWAKE COUNTY NEWS<\/p>\n<\/h2>\n<div>\n<article>\n<!-- Next line is not the perfect\/ideal way to control hiding the items. Can revisit later. --><\/p>\n<div>\n<h3>\n<p>\t\t\tRaleigh weighs naming rights deal for convention center<\/p>\n<\/h3>\n<p><span><br \/>\n<span><br \/>\n<svg><\/svg><br \/>\n<\/span><br \/>\n<\/span>\n<\/div>\n<\/article>\n<article>\n<!-- Next line is not the perfect\/ideal way to control hiding the items. Can revisit later. --><\/p>\n<div>\n<h3>\n<p>\t\t\t1 injured at Falls Lake after report 2 jet skis crash<\/p>\n<\/h3>\n<p><span><br \/>\n<span><br \/>\n<svg><\/svg><br \/>\n<\/span><br \/>\n<\/span>\n<\/div>\n<\/article>\n<article>\n<!-- Next line is not the perfect\/ideal way to control hiding the items. Can revisit later. --><\/p>\n<div>\n<h3>\n<p>\t\t\t1 seriously injured in Raleigh neighborhood stabbing<\/p>\n<\/h3>\n<p><span><br \/>\n<span><br \/>\n<svg><\/svg><br \/>\n<\/span><br \/>\n<\/span>\n<\/div>\n<\/article>\n<\/div>\n<\/section>\n<\/div>\n<\/section>\n<p>Construction for the expansion project is slated to begin at the end of this year and is expected to be completed sometime in 2029.<\/p>\n<p>The public hearing for the naming rights opportunity is scheduled for June 16 at 1 p.m. Those who want to provide their feedback on the potential deal must sign up in advance.<\/p>\n<p>Read more <a href=\"https:\/\/raleighmovingnews.com\/?p=2801\">From local theater to CBS Soap Opera, Jaden Lucas Miller shares acting journey<\/a><\/p>\n<p>Click here to register for the public hearing.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>RALEIGH, N.C. (WNCN) \u2014 The Raleigh Convention Center could get a new name. The city is weighing the possibility of entering into a naming-rights deal for the convention center with a Virginia-based bank. The deal is not yet final. Before the city can move forward with a naming rights agreement, it must hold a public [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2806,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2807","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Raleigh considers multi-million-dollar naming rights deal for convention center - Raleigh Moving News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/raleighmovingnews.com\/?p=2807\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raleigh considers multi-million-dollar naming rights deal for convention center - Raleigh Moving News\" \/>\n<meta property=\"og:description\" content=\"RALEIGH, N.C. 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