The Martha’s Vineyard Land Bank reported revenues of $298,816.27 for the business week ending on Friday, May 3, 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 Edgartown, where seven transactions resulted in $159,836.27. Two transactions earned $82,000 in West Tisbury. Two transactions generated $28,500 in Tisbury. Two transactions resulted in $19,880 in Oak Bluffs. And one transaction earned $8,600 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 4,050 acres of Vineyard land.