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.
Bus timetable changes in place for Pre-TT Classic Race Day
Services revised due to Billown Circuit road closures
Roads set to close this afternoon as Pre-TT Classic Races continue
Roads to close from 1pm as racing set to go ahead following rain-hit opening day
Public Health urges safe sex during TT fortnight
Public Health highlights sharp rise in clinic attendances and STI tests following last year’s TT
Mountain Road reopens at midday after extended closure
Department of Infrastructure confirms one-way system will remain in place from Ramsey to the Creg Ny Baa
Police urge TT visitors to ride safely on journey to the Isle of Man
Lancashire officers welcome bikers at Heysham Port and remind them to stay within their limits on the road
