In a move that will help Park Slope real estate prices creep higher, the city has announced plans turning the Park Slope Armory into an athletic center. The new facility have "track and field, basketball, volleyball, tennis, gymnastics, badminton, boxing, fencing, judo, table tennis, tae kwon do, handball, weightlifting, wrestling and aerobics" (its office will still retain the women's sherlter). The project will cost $16 million, with $12 million from the city, $2 million from the Borough President's office, and $2 million from private donors. Brooklyn Beep Marty Markowitz said:

During my nine years as a State Senator representing Park Slope, and since becoming Borough President in 2002, one of my top priorities has been to return this magnificent building to its rightful status as a resource for this community. This state-of-the-art facility will improve the quality of life for sports loving Brooklynites of every age from every corner of the borough and offer numerous other community services. I am proud that Brooklyn’s future sports legends will run, shoot, and score right here in Brooklyn.

Take the Field (non-profit organization that has been rebuilding public school athletic facilities in New York City), the Department of Education, Department of Homeless Services, and the city are all working together on the project. There's no projected finish date yet, but construction will take two years.

The Park Slope Armory project is modeled on the Fort Washington Armory in Manhattan, which has a very cool track. And read the Mayor's press releae on the Park Slope Armory project.