The land of Martha’s Vineyard is precious. And the fact that so many people know this is both a curse and a blessing. The curse is simple: the more people that love this island and want to live here, the more homes that are built and the more land that is taken from its natural state. The blessing is also simple: good people come to this island, they love & support this island and they become part of the larger community.
Many of these people, over the years, have been forward thinking about how to pull these two sides together - one solution is the Martha’s Vineyard Land Bank Commission. “The land bank is a rare breed. Neither a sanctuary program nor a park system, it is a middle ground where the highest virtues of conservation can be realized: public enjoyment of nature, where limits and restraint secure the natural world’s future and prosperity.” (from the Land Bank’s website)
In essence, the Land Bank works like this. For every real estate transaction on the island, land or home, the buyer pays an additional 2% of the total price to the Land Bank. In turn, the Land Bank uses that capital to purchase and preserve undeveloped land on the island. The land bank, with the help of private conservation entities on the island, has a diverse mission and is able to reserve properties for wildlife, agriculture, hunting and/or many other types of conservation use. Of course, environmental protection tops the list of land bank goals and public use is encouraged wherever and whenever it’s possible.
I work closely with the Land Bank and have a thorough knowledge of the processes and procedures involved in purchasing property on the island. Walking you through these steps and sharing the importance of the Land Bank to our Vineyard community is integral to the process of working with Suzanne Lanzone & Daughters and essential to the conservation of our island home.
