The Martha’s Vineyard Land Bank reported revenues of $130,031 for the business week ending on Friday, May 15, 2020. 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 Oak Bluffs, where two transactions resulted in $49,475. Two transactions earned $36,056 in Edgartown. One transaction earned $32,000 in Tisbury. And one transaction earned $12,500 in West Tisbury.

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 3,243 acres of Vineyard land.