Chief Minister Allan Bell says the application for a substantial business park opposite the airport is "exactly the sort of development" which is wanted in the area.
The company that owns Shoprite has put in for planning for a development which includes buildings for new technology companies, accommodation for corporate headquarters, a hotel and internal access roads.
But Mr Bell says the development will have hurdles to overcome before it comes a reality . .
Charity warns of damage to Island's international reputation
The Small Countries Financial Management Centre receives £300,000 a year from taxpayers
Businesses encouraged to fill CoC survey on minimum wage
Members encouraged to complete an online survey by 15 September
Former racer and travelling marshal celebrates 40 years on the Mountain Course
"I'm forever indebted to the people of the Isle of Man"
Peel's rescheduled Viking Longboat Races get underway today
Poor weather led to its original postponement
