At Edwards' urging, school officials began a concerted effort to build a more modern facility[8][9] The new stadium finally opened in 1966.

[10] While located on University land, the stadium is a few miles to the west of the academic campus on Trinity Road, just off Hillsborough Street.

Honored numbers displayed on the west facade of Carter–Finley Stadium include those of Roman Gabriel (18), Torry Holt (81), Philip Rivers (17), Bill Yoest (63), Dennis Byrd (77), Dick Christy (40), Jim Ritcher (51), Ted Brown (23), Mario Williams, Bradley Chubb (9), Russell Wilson (16), and Payton Wilson (11).

On November 25th, 2024, NC State University Athletics announced a partnership with Independent Sports and Entertainment (ISE) to seek a potential naming rights partner for the stadium, citing "...the blessing of the Carter and Finley families" for the process.

[14] On July 28, 2011, the World Football Challenge held an exhibition match between Juventus of Italy's Serie A, and Guadalajara Chivas of Mexico's Primera Division at the stadium.

[23] Following the stadium series game, NC State's club hockey program, the IcePack, defeated the North Carolina Tar Heels 7–3 in front of an estimated 24,000 fans.