Land Bank Revenues: August 2

The Martha’s Vineyard Land Bank reported revenues of $111,433.94 for the business week ending on Friday, August 2, 2013. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.

Land Bank Revenues: July 26

The Martha’s Vineyard Land Bank reported revenues of $230,400 for the business week ending on Friday, July 26, 2013. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.

Land Bank Revenues: July 19

The Martha’s Vineyard Land Bank reported revenues of $79,245 for the business week ending on Friday, July 19, 2013. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.

Land Bank Revenues: July 12

The Martha’s Vineyard Land Bank reported revenues of $34,190 for the business week ending on Friday, July 12, 2013. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.

Land Bank Has Small Windfall, Otherwise Flat Fiscal Year

The Martha’s Vineyard Land Bank is reporting another year of relatively flat revenue, with one notable exception: a mid-year bump in income thanks to uncertainty in the federal government.

In December concern about pending tax changes because of the so-called fiscal cliff led to a flurry of transactions and a sizable windfall for the land bank.

Land Bank Revenues: June 28

The Martha’s Vineyard Land Bank reported revenues of $226,754 for the business week ending on Friday, June 28, 2013. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.

Land Bank Purchase Expands Greenbelt

A 105-acre greenbelt area around the town of Tisbury will see a small expansion thanks to a purchase by the Martha’s Vineyard Land Bank. The land bank announced this week that it has bought a three-acre lot in Tisbury abutting its Wapatequa Woods Reservation.

Land Bank Cross-Island Hike Blazes Trails, Fosters Friendship

They were 48 and one dog strong Saturday morning, gathered at Katama Point, the start of the Martha’s Vineyard Land Bank’s annual cross-Island hike. The route would take them through 20 miles of land bank trails, ancient byways, paved roads and some private properties from Katama to Lambert’s Cove Beach.

Land Bank Purchases Large Tract of Flat Point Farm

The pastoral sheep pastures and hayfields at Flat Point Farm will be placed into conservation after the Martha’s Vineyard Land Bank announced plans to purchase a large piece of the West Tisbury farm.

The land bank is set to purchase 12.9 acres of land and an agricultural preservation restriction on an additional 25 acres of abutting pastures for $3.45 million from the Fischer family, who has owned the property since 1939, land bank director James Lengyel said this week.

Flat Market, Low Land Bank Revenues Lead to Fewer Purchases

And although money is coming in, executive director James Lengyel said the lank bank is not in the position to be acquiring new properties, with a still slumping real estate market. Last week, the land bank reported revenue of $0. Mr. Lengyel said a week without revenue is infrequent for the land bank, though it has happened before. The last time, he said, was within the last year.

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