Back when I supported myself by tutoring for the verbal SATs, I spent a lot of time explaining to high schoolers the difference between indifference and ambivalence. 
Indifference means you’re impartial or you don’t care. Ambivalence means you have mixed or contradictory feelings, hence the prefix ambi-, meaning both.
I can’t think of anything in New York sports in recent years that I’ve been more thoroughly ambivalent about than the Atlantic Yards landgrab that would move the Nets to Brooklyn, which is hotly contested and going to state supreme court tomorrow.
I lived about five blocks from the proposed site from 2005 until August, first in Prospect Heights, just south, then in Fort Greene, just north. I loved living in Brooklyn, in both spots. It fit me in some way that I can’t say anyplace else I’ve ever lived has.
On one hand, I feel like there are a ton of people there who would absolutely embrace a professional team and create one of the most diverse and energetic fanbases in the league. On the other, I certainly recognize that eminent domain seems unfair, and I find it difficult to argue in favor of kicking people out of their homes against their will.
But progress is progress, and a lot of times unfortunate people have to be displaced for decisions a community — since the city’s and borough’s elected officials are in favor of the development — deems necessary for continued growth. On the other hand, the traffic at Flatbush and Atlantic already sucks, and I could only imagine what it would be like the night of a Nets game, even if the spot is a huge subway and LIRR hub.
I love contemporary architecture, and I hate when people make new buildings that are supposed to look old, so I think it’s cool that Brooklyn would theoretically have a huge 21st century skyline. On the other hand, I’m not at all fond of Frank Gehry’s work and many of the proposed skyscrapers looked completely ridiculous. Then again, I hear Gehry’s off the project, but that in turn makes me worry about whatever they’ll settle on eventually.
I guess my issue is that there’s so much information out there about the project, but it’s very difficult to find any from anyone without some sort of agenda. It seems likely to happen, but not nearly to the scale initially planned.
So that’s cool, I guess. I still don’t know.
Tedquarters 
My question woud be, is there room for another NBA team in Brooklyn? The Knicks have long been the only NBA team in town, and even as bad as the Knicks are, they have some loyal fans. Where is this new fan base supposed to come from?
I would guess yes. If LA can support two teams, I’d assume New York can. Plus, there are a ton of recent immigrants and out-of-towners in the borough with little to no loyalty to the Knicks. I imagine Yi’s presence on the roster would draw a whole lot of Chinese fans from Sunset Park, and heck, a Russian owner could appeal to the Brighton Beach set.
Its just hard to make a parallel to this since its hard to think of another team that was either new or moved to an already established sports market in recent years.
Your LA example is a good one and probably the best parallel out there. While it has worked in the past as many Cities have multiple teams, none have been established under the curent landscape of professional sports which has undoubtedly exploded over the last 20 years.
With the advent of the 24 hours sports cycle, ESPN, ESPN, ESPN Classic, ESPN 8 (the ocho) all showing 24 hours sports, as well as talk radio, interent blogs etc, being a fan is nothing like it was 20 years ago.
Forgive if this is old news, but here’s a recent report on the Atlantic Yards redesign, by Curmudgeonly McCurmudgeon.
I mean, Nicolai Ouroussoff:
He seemed to have softened on it after Ellerbe Beckett ‘s initial design made him throw up in his mouth: