Former bus station area has been dormant since private ownership
Opening up an empty site to cars on Lord Street would provide relief to the parking problem in the Douglas, according to the council leader.
David Christian says he welcomes the developer's plans to operate a private car park at the former bus station.
However, the government has yet to give permission for the land's temporary change of use.
It comes as a multi-million pound project to build a leisure centre on North Quay has been put on hold until next year.
Mr Christian hopes an agreement will be reached:
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Almost 38,000 passengers used ferry services to travel to Island during TT