Greening Martha : Martha’s Vineyard Land Bank revenues drop sharply

The Martha’s Vineyard Land Bank does not expect to write any big checks soon. A sharp drop in the value of real estate transfers has sharply affected the public land conservation agency’s income stream.

The Land Bank remains financially healthy. There is money in the bank, and its reduced income stream will fund outstanding debt service. However, without an uptick in real estate, any big new land purchases are doubtful, given the agency’s longtime conservative management approach. Read more…

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About emmamv

I am an exclusive buyers agent working and living on the beautiful Island Of Martha's Vineyard. I am a REALTOR® (member of National Association of Realtors), a member of the National Association of Exclusive Buyer Agents. I help people fulfil their dreams of buying a home on Martha's Vineyard. I don't sell homes, I help people buy a home.
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