The Martha’s Vineyard Land Bank reported revenues of $212,417.07 for the business week ending on Friday, July 14, 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 West Tisbury, where three transactions resulted in $86,500. Two transactions earned $72,000 in Chilmark. Three transactions generated $26,266.67 in Edgartown. Three transactions earned $13,600.40 in Tisbury. Three transactions resulted in $7,050 in Oak Bluffs. And one transaction earned $7,000 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.