The Martha’s Vineyard Land Bank reported revenues of $121,080.24 for the business week ending on Friday, July 26, 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 two transactions resulted in $61,900. Six transactions earned $26,592.24 in Aquinnah. One transaction generated $24,400 in Tisbury. And two transactions resulted in $8,188 inOak Bluffs. No eligible transactions were recorded in Chilmark or West Tisbury.

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.