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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:
Medical transfer patients 'slept on airport floor' after hotel room mishapÂ
Claims made by vice president of Manx charity
DoI applies for licence variation to reintroduce Cregneash service
RTLC to consider request in the coming weeks
Anger over Liverpool tourist tax for hospital transfer patients
Calls for urgent review of patient allowances
Over 50s are drinking the most, says charity
Alcohol Awareness Week focusses on work days lost
Section of the Mountain Road to be closed for road surface work
From 9.30am, the area from the Bungalow to the Creg Ny Baa will be closed until 4.30pm