The Martha’s Vineyard Land Bank reported revenues of $156,941.82 for the business week ending on Friday, July, 4, 2014. The land bank receives its funds from a two per cent fee charged on many Vineyard real estate transactions.
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.
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.
