Michigan Stadium

Very random question. On the current press box there is the "MICHIGAN STADIUM" lettering. Does anyone know if that will be on the renovated stadium plans? Also, there is an Eagle up there too on the south end, no one really knows about it, what is the story behind that? I've looked everywhere on the internet about it, can't seem to find anything. And once again, is that in the plans for the renovated stadium? If you have no idea what I am talking about, look at the banner for the blog "Hoover Street Rag" - you can see the eagle too