The Martha’s Vineyard Land Bank reported revenues of $252,917 for the business week ending on Friday, August 3, 2018. 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 Edgartown, where seven transactions resulted in $92,313. Four transactions earned $77,410 in Tisbury. Four transactions earned $39,554 in Oak Bluffs. Two transactions generated $22,440 in West Tisbury. And one transaction earned $21,200 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.