The Martha’s Vineyard Land Bank reported revenues of $564,440 for the business week ending on Friday, May 27, 2022. 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 three transactions resulted in $327,200. One transaction earned $129,030 in Tisbury. Five transactions generated $83,710 in Edgartown. And two transactions resulted in $24,500 in Oak Bluffs.

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