The Martha’s Vineyard Land Bank reported revenues of $444,220 for the business week ending on Friday, July 30, 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 Edgartown, where three transactions resulted in $182,580. Three transactions earned $137,340 in West Tisbury. One transaction generated $53,200 in Oak Bluffs. Four transactions resulted in $43,600 in Tisbury. And one transaction earned $27,500 in Chilmark. 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.