The Martha’s Vineyard Land Bank reported revenues of $258,110.02 for the business week ending on Friday, August 4, 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 $82,300. Five transactions earned $66,380 in Edgartown. Nine transactions generated $54,090.02 in Tisbury. One transaction earned $50,340 in Aquinnah. And one transaction resulted in $5,000 in Oak Bluffs. No eligible transactions were recorded in Chilmark.

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.