The Martha’s Vineyard Land Bank reported revenues of $170,090 for the business week ending on Friday, Feb. 21, 2020. 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 Tisbury, where three transactions resulted in $63,100. Four transactions earned $61,964 in Edgartown. Two transactions earned $24,100 in Oak Bluffs. And one transaction earned $20,926 in West Tisbury.

No eligible transactions were recorded in Aquinnah and 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.