The chairman of Castletown Commissioners says its members want to organise a public meeting to seek views on the future of Callow's Yard.
The local authority had a further private meeting on the matter on Friday night, when the decision was taken.
Speaking live on Manx Radio's Present Politics programme this lunchtime, chairman Kevin Weir told John Moss he hoped the owner of the development would attend:
Clip 1
Marown Commissioners to hold requisition meeting ahead of by-election
Local authority says residents will have chance to ask questions
Onchan commissioner will stand again in 2031
Gabriella Corkish received over 700 votes in General Election
Yellow warning for coastal overtopping to come into force later
It's expected from 11am
Garff candidates put in 'terrible' position by windfarm advice says new MHK
Hewison criticises advice given by AG's chambers