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Brooklyn Bids Revealed

Bruce Ratner has pledged to pay New York's Metropolitan Transportation Authority $50 million for the rights to build a new Nets' arena and mini-city above the Atlantic Yards in Brooklyn. That's $100 million less than his competitor bid--and $164 million less than what the MTA thinks the rights are worth. Ratner's spokesman says the Nets' owner will be laying out more cash for transportation and other improvements.