The Martha’s Vineyard Land Bank reported revenues of $197,096 for the business week ending on Friday, August 20, 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 $78,450. One transaction earned $64,000 in West Tisbury. Three transactions generated $32,080 in Oak Bluffs. Two transactions resulted in $22,530 in Edgartown. And two transactions earned $36 in Tisbury.

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 3,882 acres of Vineyard land.