An extended Hubbard model (including nearest-neighbor repulsion and antiferromagnetic spin exchange) is investigated on the frustrated checkerboard lattice, a two-dimensional analog of the pyrochlore lattice. Combining Gutzwiller renormalized mean-field calculations, exact diagonalization techniques, and a weak-coupling renormalization group analysis we provide strong evidence for a crystalline valence bond plaquette phase at quarter-filling. The ground state is twofold degenerate and breaks translation symmetry. The bond energies show a staggering while the charge distribution remains uniform.
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