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Hopes for a major leisure complex, to be sited on the former Summerland site in Douglas, have been dashed.
Talks between the Manx government and the Sefton Group have broken down, without agreement on the next crucial stage of the proposals.
John Moss reported live on the issue on Mandate at One:
Plans to use Summerland site as temporary car park
'Insufficient parking' for businesses in area says DoI
Union says it's been 'stonewalled' by DOI over bus driver strikes
Unite 'not involved' in meetings between MIRS and bus vannin
Sunlight reflecting from mirror sparks carpet fire
Fire crews called out to multiple incidents
Douglas Council must provide new response to FOI about former nurses home
Information Commissioner says authority applied a 'blanket exemption'
Athol Street closed following single vehicle collision
Police and ambulance attend scene in central Douglas