It’s thought the loss of the TT is costing Douglas Borough Council upwards of £100,000.
The event was cancelled this year and government announced earlier this month the 2021 races have also been called off.
Council Leader David Christian says that decision didn’t come as a surprise.
He told Local Democracy Reporter Chris Cave the focus should now be on finding alternative ways of boosting the economy.
Manxman delayed after helping rescue
The Steam Packet Company says its newest ferry helped a rescue operation earlier.
Race fans welcome at Grandstand
The TT Grandstand area is open to fans today after delays caused by weather.
Police reminder after driver ignored one-way system on Mountain
Police are warning people not to ignore the one-way system on the Mountain Road.
TT hub opens tomorrow
TT organisers say fans will be able to visit the racing hub in Douglas tomorrow.
Man had cannabis and pregabalin
Police caught a man hiding behind a pillar after he fled from a property while carrying drugs.
Even supercar licence plates need to be legal!
The Roads Policing Unit is reminding people to make sure their licence plates are legal – after stopping a visiting supercar yesterday.
TT fans warned away from paddock
TT organisers are reminding people not to visit the race site today.
Motorsport coins to be released this year
The history of motorsports on the Island will be commemorated in a set of new 50p coins.
