The Martha’s Vineyard Land Bank reported revenues of $278,414.92 for the business week ending on Friday, July 14, 2023. 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 $110,500. Three transactions earned $57,212.50 in Tisbury. Two transactions generated $55,672.42 in Oak Bluffs. Three transactions resulted in $40,630 in Edgartown. And one transaction earned $14,400 in West 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 3,900 acres of Vineyard land.