Decision had been promised by end of 2020
The fate of the Island's flagship road racing event still hangs in the balance, with government yet to make a decision on next year's TT.
Treasury Minister Alfred Cannan had promised an announcement would be made before the end of this year
Chief Minister Howard Quayle gave this update at a recent press conference:
Memorial services to mark 53rd anniversary of Summerland Disaster
Fifty people died in leisure complex fire in 1973
Thie Clag could've been leased to Manx Care
The £11m regeneration scheme was carried out by the taxpayer owned Manx Development Corporation
Peel Carnival taking place today
Western town again welcomes Island's longest-running carnival
Historic buses to be celebrated today
It is to mark 50 years since bus nationalisation.