The Martha’s Vineyard Land Bank reported revenues of $280,944 for the business week ending on Friday, Nov. 1, 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 Oak Bluffs, where two transactions resulted in $104,000. One transaction earned $79,000 in West Tisbury. Three transactions generated $64,900 in Tisbury. And three transactions resulted in $33,044 in Edgartown. 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 4,050 acres of Vineyard land.