Brooklyn is getting itself a massive new field house, and it won't cost the borough of Kings a penny. The Brooklyn Bridge Park Corporation today announced that a non-profit corporation has offered to underwrite the design and construction of a year-round recreation facility for the park on Furman Street off Pier 5. Estimated cost of the project? $40 million. more ›

After news broke yesterday that developer Bruce Ratner had officially replaced starchitect Frank Gehry's striking design for a big, $1 billion arena in downtown Brooklyn, the Times released a rendering of what the new arena would look like. And wow, eat your heart out, Indianapolis! To save $200 million, Ratner enlisted Kansas City design firm Ellerbe Becket to completely redesign the stalled arena, which he needs to begin building by the end of the year, when his right to use tax-exempt financing expires. more ›