While student input was a key factor in the decision, the university had become aware of the downsides of renting Braly Stadium from the City of Florence.

It was announced that the stadium would be located at the current Bill Jones Athletic Complex, where both the women's soccer and baseball programs are housed.

After the announcement, the stadium entered a 12 to 16 month designing phase with the goal to complete construction by the 2026–27 academic year.

[12] As the summer and fall continued, crews began digging the bowl for the base off the football field and installing new drainage systems.

[13] On December 6, 2024, the Board of Trustees approved a $53.6 million bid by Fite Building Company to construct Bobby Wallace Field at Bank Independent Stadium.

Fite also is the contractor for the new LaGrange Hall dorm that is being built across the street from the Bank Independent Stadium site.

No details have been released regarding Bank Independent's naming deal but it has been clear that they are a major donor to the university and the project.

[14] On November 25, 2024, it was announced that the university will name the stadium fields after two all-great UNA coaches: Bobby Wallace and Mike D. Lane.