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Buckhead Resident and Falcons Owner Arthur Blank Served with Divorce Papers

The couple have already reached a settlement covering money, custody and property.

Atlanta Falcons owner and Buckhead billionaire Arthur Blank has been served with divorce papers from his wife of 16 years, Stephanie, from whom he has been estranged since October 2011.

According to reports, Stephanie Blank filed the papers in Fulton County. The papers called the union "irretrievably broken," and the parties have reached a confidential settlement agreement, which also covers their Buckhead home on West Paces Ferry Road.

Just weeks after the couple's split was announced in 2011, it was announced Arthur Blank sold his other Buckhead mansion on Tuxedo Road for $3.9 million, what he'd paid for it when he bought it in 1993, according to a report from the Atlanta Journal-Constitution. The deal on the home was closed before the couple announced their estrangement, however.

She is the mother of Arthur Blank's three children and 25 years his junior. Their agreement also includes a "comprehensive parenting plan" so that each of them is actively involved in their lives of their school-age children.

Blank, who bought the Falcons in 2002, is also the co-founder of The Home Depot and head of The Arthur M. Blank Family Foundation, which supports charitable causes, including fighting childhood obesity and Georgia and supporting development of the Atlanta Beltline transit and parks project.

The Daily Mail reports that a release from the couple stated that Arthur and Stephanie Blank would "remain great friends and are committed to working together to parent their three wonderful children. They are also both as committed as ever to their philanthropic work and business enterprises in the community.This is a sad and difficult time for Arthur, Stephanie and their family."

In April 2012, Buckhead Patch reported that Arthur Blank signed The Giving Pledge, a

Terry Smith February 08, 2013 at 01:33 PM
hence his burning desire to bolster his ego by the new boondoggle stadium, at the expense of the citizens of Atlanta. easier & cheaper to go find a new trophy wife....
Boyd Leake February 08, 2013 at 04:06 PM
Is this really worthy of coverage by Buckhead Patch?
Eritus Rivers February 08, 2013 at 06:21 PM
Many Buckhead residents are hugely grateful for the generosity of the Blanks and wish them both the best during this hard time. Thanks for the sensitive and informative article, Patch.
Gary Jones February 08, 2013 at 06:26 PM
who cares about the divorces of the rich and famous -but I would have to say A Good charity would be to give 300 million of his 1.3Billion to cover the new Dome -let him and Governor Deal fight over who gets to walk the sidelines to be seen at the end of Falcons games
Mel drick Bryant February 10, 2013 at 11:46 PM
Why do we waste time covering or talking about divorces of the rich and famous. None of them will suffer. they both have money beyond what they could ever spend, so why is it worthy of news? The only victims are the kids who now have to be carted between two households in order to visit their parents. He should have known eventually the wife was going to take him for his money. She is 25 years younger. She got what she wanted, his fortune. What an idiot. I just hope the city don't do an idiotic thing like allow another stadium to be built to cover his divorce bills and pay for his ex wife's exit strategy. What a joke!
Allie Berg February 14, 2013 at 01:41 AM
I'm not in to married men, so now that he's officially divorced, lunch or dinner with him would be nice.

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