The Charles T. Woollen Gymnasium is a building used for physical education classes, recreational activity for students, and office spaces. It was the home of North Carolina Tar Heels men's basketball team from January 2, 1939, through February 27, 1965, across twenty-six seasons. Due to increased demand for viewing the varsity basketball team and limited capacity at then home court the Tin Can, school president Frank Porter Graham and Charles T. Woollen requested public funds for a new gymnasium and women's dormitory. After being rejected at the federal level, the North Carolina Public Works would award a grant of $283,090 to build a new gymnasium and the school would have to fundraise to cover the cost's remainder. The plans for the building included multi–level building that included an attached swimming pool, along with a main lobby that would overlook the main gymnasium area. Construction stretched from 1937 to 1938 and, upon completion, was seen as "modern" and one of the highest–quality basketball facilities in the Southern Conference.

The North Carolina Tar Heels Men's basketball program is a college basketball team of the University of North Carolina at Chapel Hill. The Tar Heels have won six NCAA championships in addition to a 1924 Helms Athletic Foundation title (retroactive). North Carolina has won a record 133 NCAA tournament matchups while advancing to 31 Sweet Sixteen berths, a record 21 Final Fours, and 12 title games. It is the only school to have an active streak of reaching the National Championship game for nine straight decades and at least two Final Fours for six straight decades, all while averaging more wins per season played (20.7) than any other program in college basketball. In 2012, ESPN ranked North Carolina No. 1 on its list of the 50 most successful programs of the past fifty years.