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Developer Bruce Ratner's plans to erect a $1 billion, Frank Gehry-designed Nets arena in the middle of Brooklyn isn't happening. Ratner is planning to move ahead with a new, cheaper design, one that will end up costing $200 million less. Don't expect to look as pretty, though: "Officials who have seen the design say that while it resembles Conseco Fieldhouse it also bears a likeness to an 'airplane hangar.' [NYT]