Onchan commissioners say they don't want to buy assets belonging to the company running the town's raceway.
At its last board meeting, the local authority heard a new tenancy agreement had been offered to Onchan Raceway Ltd, which leases the facility on Birch Hill Avenue.
Members heard that would involve commissioners providing money to solve drainage issues and maintaining the seating area in the timber stand.
But the board also heard the company wanted to leave the premises because it couldn't agree the new contract.
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