A director of the Corrin Memorial Home has revealed it costs in the region of £100,000 per month to run the site.
The private company that operates the facility is facing insolvency and has to legally cease trading by the end of July.
Tynwald members passed an emergency motion on Tuesday gives the 21 residents at the home at least six-months notice before they are relocated.
Alan Jones admitted the board has known of financial difficulties for at least two years:
Manx May Day to be celebrated in Cregneash
A celebration of all things Manx will take place next month.
Welcome Centre now part of DfE
The Department for Enterprise has announced the move of the Welcome Centre from the Cabinet Office to its Visit Isle of Man Agency.
Secret Gardens event taking place next month
An event in Onchan next month will see secret gardens opened to the public for charity.
Treasury Minister to face hospitality industry question on Tuesday
Help for the struggling hospitality industry will be firmly on the agenda in the House of Keys next week.
Drink driver four times over the limit appears in court
A drunk driver was arrested after police spotted him weaving in the road at 10mph.
Ben Fogle featuring in Island show next year
Tickets have gone on sale for a show featuring a TV presenter best-known for his trips to the wilderness.
Construction worker who sent boss abusive messages wins employment tribunal
A construction worker who was summarily dismissed after sending abusive messages to his boss has won an employment tribunal.
Southern Amenity site charges should have been publicised in advance, says commissioner
A commissioner says new charges at the Southern Civic Amenity Site should have been publicised in advance.
