Castletown Commissioners have agreed the proposed introduction of permanent speed bumps in the town cannot go ahead.
It follows concerns future rally events would have to be cancelled, causing a significant financial loss.
Other measures previously suggested have been discounted because of its impact on motorsport.
Colin Leather, who sits on the board, says the rally is of great value to the region:
Thoughts with Jewish community after Bondi attack, says Chief Minister
Final House of Keys sitting of 2025 this morning
Public Health reminding people to get flu jabs
Fire dance group looking for members
Steam Packet oversight report due next year
Isle of Man tops UK in OnlyFans spending
Peel lingerie shop wants permission for new sign
Can you help museum find historic go-kart?