The Panthers opened play at Bank of America Stadium in 1996, and it is now considered one of the older stadiums in the league.

However, the Panthers have said the 72,000-seat stadium has “good bones” and is holding up relatively well, although it remains in need of major renovations to bring it up to par with other stadiums around the league.

When the proposed partnership was announced three weeks ago, it was met with resistance from some residents who believe Tepper — the NFL’s second-wealthiest owner, with an estimated worth of $20.6 billion, according to Forbes — should pay for all of the upgrades.

The stadium renovations are expected to be completed by 2029.

Among the improvements slated are upgraded video and audio systems, modernized infrastructure, redesigned concourses, unique social areas with skyline views and exterior spaces for community gatherings and programming.

There will be new seating installed throughout the bowl of the stadium, and there will be improved accessibility throughout the facility, designed and constructed in a way that allows individuals with a range of disabilities to have access without barriers.

Restrooms also will be upgraded.

The south lawn pavilion area would be reimagined as a community gathering spot and outdoor classroom on game days and nonevent days.