A number of options are under consideration
The Summerland site has 'laid barren' for too long, according to the chair of the Island's Destination First board.
Ranald Caldwell has confirmed there are interested parties looking at the site, and there have been talks with the Manx Development Corporation.
The leisure centre that formally occupied the plot was demolished almost 20 years ago.
Mr Caldwell says a number of options are being considered:
Inquest into death of MGP competitor continues
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Manx Utilities apologises for road closure amid 'essential maintenance'
White Hoe works caused significant traffic disruption in Douglas yesterday
Teen accused of wounding with intent to murder appears in court
19-year-old denies possessing knife at Cornaa Beach
Section of Quarterbridge Road to close for tree works
Diversions will be in place on Sunday 15 March