Agreement is still some way off
It's been confirmed a developer is looking at the Castle Mona Hotel in Douglas – but a deal is still some way off.
There have been conflicting reports about the state of repair of the famous building on Douglas promenade.
However, a report commissioned by Tynwald described its condition as ‘fair’.
Environment, Food and Agriculture Minister Geoffrey Boot says government is keen to avoid aquiring the building by default.
Manxman repairs expected to exceed £2.5m
The Steam Packet's flagship has been out of action since July
Treasury Minister: Taxpayer footing Manxman repair bill
Steam Packet has previously said it would be paying
Island's youngest ever MHK says he has 'a lot to prove'
Eighteen-year-old Daniel Davison elected in Glenfaba and Peel
"Clearly I'm a candidate" for chief minister - Chris Thomas
Douglas Central MHK re-elected for the fourth time