November 28, 2014
NEW YORK (AP) - The owner of the New Jersey Nets has replaced the architect of a pricey planned arena in Brooklyn.
The arena is a centerpiece of the $4 billion Atlantic Yards development of office towers and apartments. The project has been delayed by the economic downturn, years of opposition lawsuits and the near $1 billion price of the Frank Gehry-designed arena.
Developer Bruce Ratner said Thursday that Gehry's design has been scrapped for a cheaper design of the arena, named the Barclays Center. Ratner says "the economic climate is not right" for Gehry's design.
Ratner says new images released by a Kansas City, Mo., architect should be revealed for the arena this month. He still hopes to break ground on it this year.
Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.