I can provide sources for all facts claimed in this post.
The U.S. Navy ended the auction for 41.95 acres of Ponte Vista land on March 7, 2005. The winning bid of $88,000,000.00 was placed by Mr. Bob Bisno and the Bisno Development Corporation.
An additional 19.58 acres within the Ponte Vista area was conveyed to a homeless advocacy group using a “Housing Assistance Conveyance” from an act that became law in 1994.
Mr. Bisno purchased the 19.58 acres of land for $34,000,000.00.
Breakdown of acreage and cost:
41.95 acres at $88,000,000.00 equals $2,097,753.40 (approx) per acre.
19.58 acres at $34,000,000.00 equals $1,736,465.78 (approx) per acre
61.53 total acres for $122,000,000.00 equals $1,982,772.63 (approx)
Per acre.
61.53 acres equals 0.09614 Square Miles. (Source: Math.com)
7,343 permanent residents (Source: Ponte Vista Scoping Comments)
Population Density is a ratio of the number of residents within a given area. The U.S. Census figures density as persons per square mile.
7,343persons divided by 0.09614 square miles equals 76,378.198 persons per square mile.
2,300 housing units within 61.53 acres is equivalent to 23,923.44 units per
square mile.
Population densities based on 2000 U.S. Census.
State of New York 402 person per square mile,
New York City (all boroughs combined) 26,403 persons per square mile
Manhattan Island and the Borough of Manhattan 66,940 persons per square mile.
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