Island entrepreneur Trevor Hemmings is reportedly selling Blackpool Tower.
The local council is in negotiations to buy the landmark and the winter gardens for a significantly lower cost than Mr Hemmings paid for it.
The property owner bought it for £76 million but Andy Mitchell, news editor at Radio Wave in Blackpool, says a figure of £40 million is now being discussed.
Growing frustrations as bus strikes resume
DOI says it's committed to reaching an agreement with Unite the Union
DoI 'committed' to reaching agreement with bus drivers
Further talks have taken place with MIRS this week
Fluoride varnish programme rolled out in Island schools in bid to reduce levels of tooth decay in children
Students at Ballaugh School receive treatment from Smile of Mann team
Bus strike action continues
Drivers stage first in series of walkouts planned throughout March
Tynwald 'in a good place' for gender balance compared to other jurisdictions
But two of Tynwald's female members warn it could all change at the next election