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Brooklyn Nets Arena No Longer Appears to Be a $1B Project
By
Billy Parker
Published Jan 8, 2009
Modified Jan 8, 2009
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By
Billy Parker
Published Jan 8, 2009
Modified Jan 8, 2009
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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.
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