Douglas council's asked permission to borrow £400,000 as it continues regenerating the Island's capital.
The local authority has petitioned the Department of Infrastructure over the cash, which will be spent on improvements around Market Hill and North Quay.
In particular, the council wants to upgrade street lights and install CCTV as part of the town centre regeneration project.
Anybody who wants to comment on the borrowing has until August 13 to write to the DOI.
Island slips down finance centre rankings
The Isle of Man has dropped nine places in an index of the world's best financial centres.
Post Office package deliveries to be queried next week
An MHK will quiz the Post Office about its package deliveries in the House of Keys next week.
Cruise ship to return to Manx waters next week
A cruise ship will make her second Island visit of the year next week.
Warning over scammers targeting Island property pages
A woman's warning people on a property Facebook page not to fall for scammers - after she was defrauded out of a rental deposit.
TT course shut for hill climb
A section of the TT course is shut today.
Man denies stealing equipment from boat
A man has appeared in court by live link from his bed to deny charges of theft and a public order offence.
Hospitality tax cuts not feasible, says chief minister
Chief Minister Alf Cannan says tax cuts requested by the hospitality industry have to take into account the costs of government services.
Flour mill wants to replace rotting windows
Laxey's historic flour mill has applied to replace windows and doors.
