The Martha’s Vineyard Land Bank reported revenues of $250,866.22 for the business week ending on Friday, May 31, 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 Chilmark, where one transaction resulted in $78,500. Three transactions earned $73,000 in Edgartown. Five transactions generated $49,032.20 in Tisbury. Two transactions resulted in $28,350 in West Tisbury. And four transactions earned $21,984.02 in Oak Bluffs. 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.