The Martha’s Vineyard Land Bank reported revenues of $338,860 for the business week ending on Friday, August 18, 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 one transaction resulted in $112,000. Five transactions earned $108,890 in Edgartown. Four transactions generated $69,720 in Tisbury. Two transactions earned $34,020 in Oak Bluffs. And two transactions resulted in $14,230 in Chilmark. 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.