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.
'Should I stay or should I go?': Students weigh up a life and career on the Isle of Man
Young people and employers meet at annual Isle of Man Graduate Fair
Sea Services Agreement progress stalled by Liverpool Ferry Terminal contract negotiations
Infrastructure Minister admits it probably won't be implemented until 2027
Parking, potholes and a new Castle Rushen High School: Rushen residents tell of their key election issues
Manx Radio hears from would-be voters in Port Erin and Port St Mary
Garff Commissioners to hold drop in session ahead of offshore windfarm hearings
Local authority says it wants to give residents the chance to make submissions
'No Trees, No Seas'
A film screening in Peel hopes to highlight importance of the relationship between the two