The Martha’s Vineyard Land Bank reported revenues of $397,361.69 for the business week ending on Friday, Sept. 27, 2024. 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 Tisbury, where three transactions resulted in $219,000. Two transactions earned $125,400 in Edgartown. Two transactions generated $27,398 in West Tisbury. One transaction resulted in $24,000 in Oak Bluffs. And one transaction earned $1,563.69 in Aquinnah. No eligible transactions were recorded in 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 4,050 acres of Vineyard land.