The Martha’s Vineyard Land Bank reported revenues of $129,930 for the business week ending on Friday, Feb. 28, 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 West Tisbury, where two transactions resulted in $53,900. Five transactions earned $50,080 in Edgartown. One transaction earned $14,000 in Tisbury. And two transactions earned $11,950 in Oak Bluffs. 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.