A number of options are under consideration
The Summerland site has 'laid barren' for too long, according to the chair of the Island's Destination First board.
Ranald Caldwell has confirmed there are interested parties looking at the site, and there have been talks with the Manx Development Corporation.
The leisure centre that formally occupied the plot was demolished almost 20 years ago.
Mr Caldwell says a number of options are being considered:
MGP rider suffered 'neck and chest injuries' following crash in practice
Inquest opens into death of local MGP rider
53 babies born on Island in August
Help give Buddy the best chance of a comfortable future
