The Martha’s Vineyard Land Bank reported revenues of $277,737 for the business week ending on Friday, July 16, 2021. 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 three transactions resulted in $121,140. Three transactions earned $91,030 in Edgartown. One transaction generated $29,000 in Aquinnah. Two transactions resulted in $24,955 in Tisbury. And two transactions earned $11,612 in Oak Bluffs.

No eligible transactions were recorded in 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 3,882 acres of Vineyard land.