New York state’s Empire State Development Corporation signed off on Bruce Ratner’s revised Brooklyn Nets arena plan yesterday, something that’s been a foregone conclusion for at least two months now. It is noteworthy, though, for prompting this Reuters headline:
NY agency OKs modest basketball arena plan for Nets
This is no doubt the first time in human history that a basketball arena costing between $800 and $900 million — which would still easily break the record as the most expensive ever — has been described as “modest.”