Chartway Arena is part of the University Village project, a 75-acre (30 ha) development that features a shopping center that includes restaurants, offices, research labs and residences with connections to the campus.

In addition to its use for home basketball games and cheerleading competitions, the complex is used to host family-oriented events as well as concerts, lectures, graduation ceremonies, and career fairs.

Through the 2018–19 season, the Old Dominion Monarchs men's basketball team has a record of 212–66 at the Constant Center for a winning percentage of 76.3%.

King, Dave Chappelle, Elton John, J. Cole, Mike Epps, Thomas and Friends and Green Day.

In June 2019, Chartway Federal Credit Union made a $4.25 million branding and sponsorship agreement with Old Dominion to get the arena named, which is located inside the Ted Constant Convocation Center complex.