{"id":1833,"date":"2026-06-06T10:35:48","date_gmt":"2026-06-06T10:35:48","guid":{"rendered":"https:\/\/durhammovinghub.com\/?p=1833"},"modified":"2026-06-06T10:35:48","modified_gmt":"2026-06-06T10:35:48","slug":"raleigh-to-consider-selling-downtown-convention-centers-naming-rights-to-bank","status":"publish","type":"post","link":"https:\/\/durhammovinghub.com\/?p=1833","title":{"rendered":"Raleigh to consider selling downtown convention center\u2019s naming rights to bank"},"content":{"rendered":"

Raleigh is considering selling the naming rights to the city\u2019s downtown convention center.<\/p>\n

Read more Are Taylor Swift and Travis Kelce Inviting 1000 Guests to a Wedding at MSG?<\/a><\/p>\n

A proposal would see the convention center called the \u201cAtlantic Union Bank Convention Center,\u201d according to a city of Raleigh news release Friday.<\/a><\/p>\n

In exchange, the city would get $525,000, and that annual fee would go up 2% every year during an initial 15-year agreement. The contract would have an option to extend for two further 5-year terms.<\/p>\n

The City Council will hold a public hearing on the proposal at 1 p.m. June 16 at the Raleigh Municipal Building on West Hargett Street.<\/p>\n

Read more Orange County negotiates higher tax rate for schools, modifies Chapel Hill library cut<\/a><\/p>\n

The convention center is currently undergoing a nearly $400 million expansion, which would add nearly 300,000 square feet of new space, bringing it up to almost 800,000 square feet.<\/p>\n

Part of that project involves moving the Red Hat Amphitheater south across West Lenoir Street to accommodate the new section of the convention center.<\/p>\n

Atlantic Union Bank is headquartered in Richmond, Virginia, and has over 170 branches<\/a> across North Carolina, Virginia, Maryland and Washington, D.C, according to the company\u2019s 2025 end-of-year report. That includes Raleigh.<\/p>\n

Read more Son of James Handy’s Girlfriend Is Charged Over the Actor’s Fatal Stabbing<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Raleigh may sell naming rights to its downtown convention center to Atlantic Union Bank for $525,000 annually, with a 15-year pact and public hearing June 16.<\/p>\n","protected":false},"author":1,"featured_media":1831,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-read-todays-edition"],"yoast_head":"\nRaleigh to consider selling downtown convention center\u2019s naming rights to bank - Durham Moving Hub<\/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:\/\/durhammovinghub.com\/?p=1833\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Raleigh to consider selling downtown convention center\u2019s naming rights to bank - 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