Revenues fell $1 million at the Martha's Vineyard Land Bank in
the fiscal year just ended, reflecting a distinct new cooling in the
overheated real estate sales market that has made an indelible mark on
both the economy and the culture of the Island in recent years.
The land bank fiscal year ends on June 30 (because the date fell
over the weekend this year, the land bank closed the books on Friday,
June 28).
In a three-way partnership that will protect the last key piece of undeveloped land at one of the oldest wildlife sanctuaries on the Vineyard, the Martha's Vineyard Land Bank, the Massachusetts Audubon Society and the Felix Neck Wildlife Trust announced yesterday that they will buy 34 acres from Lucia Moffet for $2.55 million.
The Moffet property runs along the entire length of the entrance road to the Felix Neck Wildlife Sanctuary on the eastern side.
New System of Trails May Result from Sale in Aquinnah
By CHRIS BURRELL
In a move that could resurrect a long-lost museum in Aquinnah and
create a network of trails over a dramatic south shore seascape, the
Martha's Vineyard Land Bank has agreed to buy the six-acre
Vanderhoop homestead just south of the Gay Head Lighthouse.
Chappaquiddick's Space Fund, Land Bank Buy Island Trail Link
By JULIA WELLS Gazette Senior Writer
With the national economy stuck in neutral and nonprofit groups
scrambling to compete for a shrinking pool of donor dollars, a quiet
movement on the tiny island of Chappaquiddick is gaining momentum among
landowners to buy open space in their own backyards.
The Massachusetts Court of Appeals this week overturned a decision
by the state Appellate Tax Board and ruled that the Martha's
Vineyard Land Bank is exempt from all taxation, upholding the power
vested in the conservation agency by its enabling legislation.
The case is an appeal of a decision first made by the West Tisbury
board of assessors that ordered the land bank to pay about $700 in taxes
on property bought in fiscal year 2002.
The ghosts are quiet these days - if you believe in such things - but at the Vanderhoop homestead the screen door still bangs and the old wood sash windows rattle with the specter of a new future.
Purchased last year by the town of Aquinnah and the Martha's Vineyard Land Bank in a joint acquisition, the historic homestead is now set for its first fund-raising event.
The event will kick off a $300,000 restoration project aimed at converting the homestead to a museum and cultural center.
Deal Would Protect 190 Acres; Developer to Build 26 Houses
By JULIA WELLS Gazette Senior Writer
A long, bruising battle over the fate of the southern woodlands in
Oak Bluffs took a stunning turn this week when the Martha's
Vineyard Land Bank announced that it has signed an agreement to buy 190
acres from developer Corey Kupersmith, including the old Webb's
Camping Area.
Land Bank's Chappaquiddick ‘Prize' Will Bring
Island Trail to Pond's Edge
By JULIA WELLS
The Martha's Vineyard Land Bank announced this week that it
will buy the Wasey property on Chappaquiddick, a grassy, windblown
four-acre crest that embraces the unspoiled inner shore of Cape Pogue
Pond.
As secluded white sand beaches become a commodity more precious than oil, the Martha's Vineyard Land Bank this week announced significant expansions at two of its most stunning beachfront properties.
Moshup Beach in Aquinnah will grow by half again as much, and Wilfrid's Pond Preserve in Vineyard Haven will more than double in size.
"The land bank prizes beaches among its very many priorities, and expanding what already is conservation is a good accomplishment for everybody," said land bank executive director James Lengyel yesterday.
State Environmental Affairs Secretary Rejects Land Bank Management
Plan at Lambert's Cove Road Kettle Pond
BOSTON - Citing concerns about potential impacts to water
quality and protected species, the Massachusetts Secretary of
Environmental Affairs last month denied the Martha's Vineyard Land
Bank management plan for its proposed Ice House Pond Preserve.
