Land Bank Revenues: June 20

The Martha’s Vineyard Land Bank reported revenues of $106,120 for the business week ending on Friday, June 20, 2014. 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 $56,220. In Oak Bluffs, six eligible transactions yielded $31,680. And one transaction netted $18,220 in Chilmark. No eligible transactions were recorded in Aquinnah, Edgartown or West Tisbury.

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Land Bank Revenues: June 13
The Martha’s Vineyard Land Bank reported revenues of $18,260 for the business week ending on Friday, June 13, 2014.
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Land Bank Revenues: May 30
The Martha’s Vineyard Land Bank reported revenues of $145,943.62 for the business week ending on Friday, May 30, 2014.
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Land Bank Revenues: May 23
The Martha’s Vineyard Land Bank reported revenues of $230,397 for the business week ending on Friday, May 23, 2014.
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Land Bank Expands Wapatequa Woods Reservation
Sara Brown

The Martha’s Vineyard Land Bank announced Tuesday that it will continue to expand the reservation that stretches between Vineyard Haven and West Tisbury. The land bank paid $925,000 for 36 acres.

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Land Bank Revenues: May 16
The Martha’s Vineyard Land Bank reported revenues of $158,390 for the business week ending on Friday, May 16, 2014.
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Land Bank Conserves 25 Acres on Chappy
Julia Wells
A key piece of historic coastal farmland on Chappaquiddick will be conserved, thanks to a purchase announced this week by the Martha’s Vineyard Land Bank.

The land bank said Wednesday that it had signed a contract to buy 25 acres of the former Tom’s Neck Farm off the Dike Bridge Road. The purchase price is $5.175 million.

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Land Bank Revenues: May 9
The Martha’s Vineyard Land Bank reported revenues of $102,232.50 for the business week ending on Friday, May 9, 2014.
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Legal Fight Ends on Bright Note With Four Affordable Housing Lots in Chilmark
Sara Brown

Twelve years in the making, the complicated deal with the town, the land bank and the Howard B. Hillman family will create affordable housing, add conservation land and save a historic home in Chilmark.

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Land Bank Revenue Up for Second Year
Sara Brown
Realtors on Martha's Vineyard and the Martha's Vineyard Land Bank are reporting that Island real estate sales are on the rise. For qualifying transactions, revenues per transaction from the last two years are also up.
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