The Villa Gaiety could be set to receive new, more energy efficient light and sound equipment.
Tynwald members will be asked to approve the project at this month's sitting, which is set to cost over £1.6m.
The funding would come from the Capital Financing Reserve, and would be used to upgrade the equipment across the complex as what is currently in use is 'obsolete and in poor condition.'
December's Tynwald sitting is taking place on Tuesday 12th from 10am.
Repairs on Peel Power Station to get underway
Manx Care doctor survey to be discussed by Tynwald
Weather warning for snow tonight
MHK queries safety at primary school in Ballabeg
Gales put two ferry sailings at risk tonight
Should the Island throw a birthday party for Barry Gibb?
Warning issued over icy roads
High ground could see 4 inches of snow on Saturday night