The Martha’s Vineyard Land Bank reported revenues of $24,750 for the business week ending on Friday, March 22, 2019. 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 Oak Bluffs, where one transaction resulted in $12,000. One transaction earned $7,000 in Tisbury. One transaction generated $3,150 in Chilmark. And one transaction earned $2,600 in Aquinnah. No eligible transactions were recorded in Edgartown or West Tisbury.

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.