Garff commissioners have applied to spend £850,000 buying a plot of land to use as sheltered housing.
The local authority has applied for permission from the Department of Infrastructure to borrow the cash, which would be repayable over 37 years.
It says it wants to buy the former Princes Motors site on New Road in Laxey.
Commissioners want to build a new sheltered housing complex with offices there.
Cider microbrewery planned for Ballasalla
Ballasalla could be getting a new microbrewery, if planners give the go-ahead.
Covid wrongful arrest and torture claims thrown out by court
A man suing the chief constable and attorney general over his arrest and acquittal over an alleged Covid gathering on Laxey beach has seen 22 of his claims thrown out by a court.
Tree fellers to close part of TT course on Thursday
A section of the TT course will close for much of tomorrow while trees are felled.
Manx Utilities wants contractors for HQ refurb
Manx Utilities says it's looking for contractors as it prepares to refurbish its headquarters.
Business needed for Peel coffee shop's 'new chapter'
A coffee shop in Peel says it's looking for a business to share its premises.
Regulator freezes gas prices
The Island's utilities regulator says there'll be no gas price rise next month.
Billionaire says Island's his favourite place on earth
Billionaire businessman Jim Mellon says he has not plans to retire, but expects to keep working until the day he dies.
Planners aren't influenced by advertising, says Cannan
Chief Minister Alf Cannan says he's confident planning officials aren't swayed by advertising.
