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.
Government joins Sunflower Hidden Disabilities scheme
Sunflower lanyards are now available at various locations
MHK calls for citizen's jury to look into legalising recreational cannabis
Tynwald to consider motion at May sitting
Teenager's petition calls for more funding for the Island's music service
River Kelly-Brown wants 'equal access to music'
Daily closures on section of TT Course this week
Ballig to Cronk y Voddy to shut for race preparation work
Onchan MHK announces intention to stand in election
Rob Callister will be seeking a third term representing the constituency