The Nets have dropped the design of famous architect Frank Gehry for the planned Brooklyn arena that would be the new home of the team. A less expensive design, from the group that created Conseco Fieldhouse, will be adopted instead.

"If the arena is built ... it will most likely take more than two years to complete," the New York Times reports.

Such a construction schedule would mean that the project may not be finished until 2012 even if ground is broken this winter. The Nets had been aiming to move to Brooklyn for the start of the 2011-2012 NBA season.

Gehry's plan was for a $1 billion glass-walled structure. The new plan will cost $800 million and will resemble an airplane hangar.

Nets' owner Bruce Ratner is scrambling to lower costs and commence construction of the arena by the end of the year when the team's right to use tax-exempt financing will expire.

Via New York Times

New Jersey Nets

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