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Hopes for a major leisure complex, to be sited on the former Summerland site in Douglas, have been dashed.
Talks between the Manx government and the Sefton Group have broken down, without agreement on the next crucial stage of the proposals.
John Moss reported live on the issue on Mandate at One:
Mountain Road to stay closed overnight
Some areas still 'extremely slippery' following snowfall
Horse Tramway business case 'under final review'
Case 'decoupled' from Tramway Terrace Project
BMA finds less than a quarter of doctors recommend working at Manx Care
The union says its latest staff survey is a "damning indictment" of healthcare provider
Thirteen people entered or tried to enter the Island without immigration permission since January 2025
Details provided by The Treasury following FOI request