Construction will start just before Arts Fest and is projected to finish just before Penn State's move-in weekend.
Olivia Damico, Rowan Lapi, Devon Olive, and Mieke Schiemann will lead the team through the fall.
Carter made the switch to defensive end following the 2023 season.
THON will run fundraising promotions through the month of July.
Penn State finished with 827.75 points, behind Ohio State, Michigan, and Nebraska in the Big Ten.
Krieger will partner with Sebastian Salazar, co-host of Futbol Americas.