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Plans have been submitted to demolish the Grand Island Hotel in Ramsey.
The landmark building, owned by millionaire Trevor Hemmings, closed down early last year after serving the Island for over 100 years, and increased vandalism at the site has led to an application to pull it down.
However, chairman of Ramsey Commissioners Nigel Malpass, says plans to build 68 apartments in its place will not go ahead until a replacement hotel is built between Mooragh Park and the promenade:
Construction costs on the Island 18% above UK average and comparable with Outer London
'Key problems' include reliance on imported materials, labour shortages and planning delays
NEXT store to remain open
Strand Street outlet had been earmarked for closure
Island's 'premier destination' for celebrations to close in December
Woodbourne House blames economic pressures and maintenance concerns
Torden Stores announces it's closing down
Owners say it's not been an easy decision
