How can I rename a team project and area paths in TFS?

Question

How can I rename my Team Project that is hosted in Microsoft\'s Team Foundation Service? And how can I rename the area paths?

Answer 1

Unfortunately it is not possible in TFS 2005, 2008, 2010, 2012, or 2013. However the work to complete this has been done and it is now available on VSO and will ship in TFS 2015.

http://blogs.msdn.com/b/bharry/archive/2015/04/24/team-project-rename-available-on-vs-online.aspx