The Martha's Vineyard Times Why does Oak Bluffs still own the âdoughnut holeâ? Town, Land Bank canât close out 2004 deal. 1 of 2 A current map of the Southern Woodlands. The doughnut hole "S" is landlocked by the Land Bank's existing property "F." Once the swap is executed, the Land Bank would absorb "S" and carve out 24 acres connected to the town-owned parcel "O." The "X" and "K" parcels on County Road are listed as town property, but the Land Bank purchased the parcels in 2000. An agreement is in place to swap landlocked town parcel "S" with parcel "T." Parcels "O" (already owned by Oak Bluffs) combined with "T" would give the town a large parcel with frontage on EdgartownÂVineyard Haven Road, expected to be used for affordable housing.