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.
Mountain Railway damaged by gales
One of the Island's historic railways will be out of action until at least Thursday.
Ten local authorities looking for members in December elections
There'll be a big day for local authorities in December - when 10 by-elections are due to be held.
Don't sweat Met threat on internet
If you've had emails from the Metropolitan Police containing legal threats about an investigation that needs your cooperation, don't panic.
Commissioners unveil mission statement for parish
A local authority in the west of the Island has unveiled its mission statement after months of consideration.
Douglas Council says its annual firework display will take place on the first evening of late-night shopping in the run-up to Christmas.
DOI ready to close roads if needed as overtopping hits coasts
The Department of Infrastructure says its staff will be on hand to close if needed roads this morning.
Storm damage closes promenade in Laxey
Laxey promenade is due to stay closed for much of today for cleanup work after last night's storm.
Two ferry crossings called off because of weather
The Steam Packet Company has cancelled two of its sailings today.
