A Winston-Salem City Council committee has passed a resolution supporting the sale of Lawrence Joel Veterans Memorial Coliseum and Bowman Gray Stadium to Wake Forest University and Winston-Salem State University, respectively.

Should the sale of Joel Coliseum go through — the full council is scheduled to vote during its May 20 meeting — it appears to be foregone conclusion that Wake Forest will bid the naming rights. However:

Wake Forest would name the main lobby as the Lawrence Joel Veterans Memorial Lobby, according to city documents. A plaque by the same name and a portrait of Joel would be retained. The two areas immediately outside the entry and exit doors of the lobby, where veterans monuments stand, would be named the Lawrence Joel Veterans Memorial Plaza.

The university would also be able to make changes.

Wake Forest “may with mutual agreement with the city, after a public input session soliciting input from veterans, descendants of Lawrence Joel and the public regarding the proposed change in design and display, agree to change the design or display of any of the memorials,” according to city documents.

City officials have said selling the coliseum and stadium would be worth $30 million to taxpayers over the next 20 years. Stay tuned, however.