Braddan Commissioners met yesterday to discuss a plan to rent out the parking spaces at the Memorial Hall on Peel Road.
The commissioners agreed to the idea, but concern was raised about how it would be enforced.
Spaces would be rented out for £695 for a year and a ticket would be issued to people who have parked in a reserved space.
It was also confirmed money from the ticket will go back to the commissioners.
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