The Martha’s Vineyard Land Bank reported revenues of $319,370.40 for the business week ending on Friday, March 10, 2017. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.

Much of the land bank revenue last week came from the town of Chilmark, where three transactions resulted in $235,980.40. Three transactions earned $37,300 in Edgartown. Two transactions generated $36,300 in Tisbury. One transaction resulted in $7,790 in Oak Bluffs. And one transaction earned $2,000 in West Tisbury. No eligible transactions were recorded in Aquinnah.

The land bank uses its revenues to purchase and manage land for purposes of conservation, preservation and passive recreation. To date the agency has participated in the purchase of more than 3,243 acres of Vineyard land.