The Nantucket Islands Land Bank, a land conservation program created to acquire, hold, and manage important open space resources and endangered landscapes of Nantucket Island for the use and enjoyment of the general public, was the first of its kind in the nation. The program was conceived by Nantucket’s Planning Commission, adopted by the voters of Nantucket, and established by a special act of the Massachusetts Legislature in 1983. Approximately 40 percent of Nantucket, a 50 square mile island located 22 miles south of Cape Cod, is protected by private conservation groups, the Town of Nantucket, and the Nantucket Islands Land Bank.
The Land Bank has worked to accomplish its legislated purpose by actively competing in the open market to acquire land which provides the public a wide range of opportunities. Land Bank holdings currently include beaches, wetlands, aquifer recharge areas, moorlands, heathlands, rare species habitat, ocean, pond and harbor frontage, and properties for passive and active recreation. To date the Land Bank has committed more than $154 million dollars to land protection, acquiring over 2,455 acres, with an additional 105 acres permanently protected by conservation restrictions.
Land Bank revenue is derived from a 2 percent real estate transfer fee which is levied against most real estate transfers on the island. During calendar year 2005 the Land Bank processed 1,282 property transfers and collected over $23,015,984 in transfer income.
Five elected Land Bank Commissioners serve without compensation administering the Land Bank Act, land acquisition, and property management. Six full-time year-round staff are employed by the Commission.
REMINDER: This listing is a free service of LandCAN.
Nantucket Islands Land Bank is not employed by or affiliated with the Land Conservation Assistance Network, and the Network does not certify or guarantee their services. The reader must perform their own due diligence and use their own judgment in the selection of any professional.
Contact Nantucket Islands Land Bank
22 Broad St
Nantucket, Massachusetts 02554-3562 Phone:
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