The American Institute of Architects (AIA) carries a foreboding message in its new Architecture Billings Index as well.

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But Camdessus's main message is that the new architecture can be accommodated in the existing IMF structure and it will require strengthening of the Fund.

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The message, unfortunately, sounds a lot like what Brooklyn heard when the Gehry plan was abandoned: Great architecture is still simply too expensive for the borough, even at its most important redevelopment project.

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