Assemblyman Hakeem Jeffries is disillusioned about the "Atlantic Yards" project, which would include the building of a new Brooklyn arena for the Nets.  Development will take more time, cost more money and look different than the original plan.

"The way in which the project was sold is dramatically different than the one in which the developer appears prepared to deliver," Jeffries said. "The promises made by this developer have disappeared like a house of cards."

The original price tag was $3.9 billion but cost is now estimated at $4.9 billion, even after the elaborate design of famed architect Frank Gehry was dropped.  

Nonetheless, owner Bruce Ratner has stated that he is determined to break ground on construction this year with the goal of opening the Nets' new Brooklyn home by 2012.