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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:
Storm Dave to bring severe gales
Gusts up to 75mph expected on Saturday
Manx Care 'attempting to establish contact' with dental provider as patients face uncertainty
Smile Dental Care 'not currently providing services'
'Significant dredging works' in Douglas Harbour
Talks taking place over mitigation measures as sailing schedule disrupted
'Operational reasons' and tidal restrictions delay Heysham sailing schedule
Manxman's crossings held up overnight and throughout Good Friday
Coastguard team rescues two-year-old Jack Russell "Teddy"
Cliff technician winched down to collect him from Laxey cliffside
