The Martha’s Vineyard Land Bank reported revenues of $190,747.12 for the business week ending on Friday, May 17, 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 Edgartown, where four transactions resulted in $74,800. One transaction earned $45,000 in Aquinnah. Nine transactions generated $42,747.12 in Tisbury. Two transactions resulted in $15,300 in West Tisbury. And one transaction earned $12,900 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.