The chances of a memorial being built on the Summerland site will only become clearer once the site's future is decided.
That from Infrastructure Minister David Cretney, who was speaking after he was presented with a petition by campaigner Tina Brennan with almost 2,000 signatures on it.
It calls for a commemorative garden to be created there, and for the site to not be sold to property developers.
The government is in talks with a developer at the moment.
Mr Cretney says a memorial garden won't be built, but something to mark the deadly fire of 1973 could happen:
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Report calls for public to be more involved in Budget process
Tributes paid to longstanding Ramsey Commissioner Wilf Young
Assisted dying, a police station and A+E waiting times under the spotlight in Tynwald
Clinical review of cancer screening programmes underway
