Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Brooklyn Nets Arena No Longer Appears to Be a $1B Project
By
Billy Parker
Published Jan 8, 2009
Modified Jan 8, 2009
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Billy Parker
Published Jan 8, 2009
Modified Jan 8, 2009
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
Bruce Ratner's Atlantic Yards project continues to be a bumpy ride with today's reports that there are plans to scale back the arena designed for the "Brooklyn Nets." A source close to the developer says that Ratner simply won't be able to build an arena for the proposed $1 billion. He tells the News that raising that much is "probably not going to happen. It can't be built if that's the price tag." And despite recent rumors that architect Frank Gehry had been fired, a spokesman for the developer says, “Frank Gehry has not been removed from the project. We are continuing to speak with many arena experts and working hard to find ways to build a world class venue in an incredibly difficult economic environment.” (The News runs that quote yet its headline reads "Star architect Frank Gehry may go".) All of this is certainly not going to quiet the ongoing whispers that when all is said and done, the team may become the Newark Nets.
Tagged
Atlantic Yards
Bruce Ratner
frank gehry
nets
Billy Parker
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
These are the NYC neighborhoods that will get free 2-K next fall
All of Staten Island and the Bronx will be eligible for seats.
By
Karen Yi
Published Oct 19, 2026 at 11:00 a.m. ET
Early Addition: Get to know Wanda, the donkey in the Met's 'La Bohème'
Because she's 18 years old now, here are your early links: The RHONY castmember mentioned in the Epstein Files, killing rats with carbon monoxide, Selena Gomez says don't vape and more.
By
James Ramsay
News
Early Addition: Get to know Wanda, the donkey in the Met's 'La Bohème'
Because she's 18 years old now, here are your early links: The RHONY castmember mentioned in the Epstein Files, killing rats with carbon monoxide, Selena Gomez says don't vape and more.
By
James Ramsay
Eric Adams' NYC buildings boss Eric Ulrich heads to trial, 3 years after arrest
By
David Brand
and
Samantha Max
Need help with mental health or addiction services? NYC has a new tool.
By
Caroline Lewis
NYC sues personal injury law firm accused of bogus trip-and-fall claims
By
Walter Wuthmann
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .