Symphony Park has money and a new name for its next life

Driving the news: TowneBank recently announced a $1.5 million commitment to support the project. The park will be renamed TowneBank Symphony Park.

• Charlotte City Council voted this month to contribute $8 million toward the park and to improve pedestrian access.
• Simon Property Group, owner of the park and nearby mall, is investing $8 million in two anchor restaurants and outdoor dining areas at the park.

The big picture: The park's outdoor concert series is a huge draw for the area. Renovations to Symphony Park may broaden its use for other events, such as yoga classes and markets.

The planned renovations include:

• Enhancements to the bandshell, including light or projection art
• A SouthPark Loop trail segment along the park's Carnegie Boulevard perimeter
• Two bridges connecting the Loop to the park
• Permanent public restrooms
• Micro-retail space for emerging entrepreneurs
• Flat and terraced lawn areas for events
• Interactive areas for children
• Public art

What's next: Construction is expected to begin in late summer 2026 and be complete by mid-summer 2027, SCP says.