The price of the new Atlanta Falcons stadium has gone up again — by $200 million. The Falcons will tell the Georgia World Congress Center Authority board at a meeting this afternoon that the price of the retractable-roof downstadium has risen to $1.4 billion from the $1.2 billion the team estimated a year ago. This is the second $200 million jump, as last year’s $1.2 billion figure represented an increase from an earlier estimate of $1 billion. BEN GRAY
Photo: BEN GRAY
Photo: BEN GRAY

Falcons hire King & Spalding lawyer as general counsel

The Atlanta Falcons’ parent company Monday announced the hiring of Mike Egan as senior vice president and general counsel.

Egan, a long-time partner in the corporate practice group of Atlanta-based law firm King & Spalding, represented Arthur Blank when he acquired the Falcons and, more recently, a Major League Soccer expansion franchise. Blank described Egan as a “key leader” in the negotiations for a new stadium, which now is under construction downtown.

Egan will join AMB Group – the parent company of the Falcons, the Falcons Stadium Co., the MLS team, PGA Tour Superstore and Mountain Sky Guest Ranch in Montana – on Jan. 5.

In addition to his legal responsibilities as general counsel, Egan will serve as operational executive of the stadium construction project, according to AMB Group.

“Although it is hard to leave a great firm like King & Spalding after 31 years, the chance to contribute more directly to the mission of the Blank Family of Businesses is a very special opportunity,” Egan said in a news release.

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