Bruce Ratner; Photo: NY Post

Today, the plans for a Brooklyn arena to house the NJ Nets will be unveiled at Brooklyn Borough Hall. Developer Bruce Ratner has enlisted Frank Gehry design the 20,000 seat building that would stand at the corner of Flatbush and Atlantic. And yes, there will be titanium. Ratner also plans to build 5,500 apartments and a commercial complex. Of course, some are complaining that this would lead to the "Manhattanization" of Brooklyn.

Other bids to purchase Nets are from NJ developer Charles Kushner and NJ Sen. Jon Corzine (bid: $267.5 million) and NY investor Stuart Feldman ($257.5 million), who have said the Nets would stay in NJ. Ratner's bid is for $275 million. And as it's the only bid to bring the Nets to NYC, Mayor Bloomberg will be at today's ceremony, along with Brooklyn Borough President, Marty Markowitz.