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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:
DoI apologises for motorsport fees error
The chairman of Manx Auto Sport says the club accepts an error was made
Tynwald rejects issuing censure
Members debated the issue for over two hours
Reports of dangerous jet ski activity prompts warning to 'respect Safe Bathing Areas'
'We ask all watercraft users to act responsibly'
Former Manx Care CEO to take charge of Guernsey health service
Teresa Cope left the Island's healthcare provider last month
