All that wrangling about how Lincoln Center would get a $1.5 billion makeover seems so far awaay now. “Now the City Opera has decided to move downtown. Avery Fisher Hall is likely to be renovated rather than rebuilt. New York City, in perilous fiscal straits, appears unlikely to be able to fulfill the $240 million pledge that Rudolph W. Giuliani made for the project when he was mayor. The private sector is feeling the economic pinch before fund-raising has even begun. What’s left of the redevelopment project? What part of it can Lincoln Center hope to accomplish? With the economic downturn, all the grand plans now seem like pipe dreams. The 11 private and public groups involved in the redevelopment have been forced to reassess.”