Chief Minister Allan Bell says the application for a substantial business park opposite the airport is "exactly the sort of development" which is wanted in the area.
The company that owns Shoprite has put in for planning for a development which includes buildings for new technology companies, accommodation for corporate headquarters, a hotel and internal access roads.
But Mr Bell says the development will have hurdles to overcome before it comes a reality . .
Island's first rapid EV charger being installed
Once operational, the site will retain its existing charger, increasing overall capacity to four charging bays
Mooir Vannin could be first of many
Dr Alex Allinson, who is retiring as Ramsey MHK at this year's general election, gave evidence to the final hearing by the independent panel.
'Significant investment or redevelopment' needed at Ramsey District Cottage Hospital
Manx Care is 'planning a sustainable long-term solution'
Braddan Commissioners open expressions of interest for TT camping at Roundhouse
Local authority wants to provide family friendly accommodation