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:
LegCo considers meeting on a different day
Should the Legislative Council sit on a different day in future?
Extra promenade bus facilities would cost estimated £735k
The Department of Infrastructure says extra bus stops and shelters at the end of Douglas Promenade would cost around £735,000.
Medieval cross returned home to Royal Chapel
A medieval cross dating back to the 10th century has returned to the Royal Chapel of St John's.
Arbory MHKs in "parasite politicians" spat
A question about nicotine pouches has turned into a social media spat between MHKs in the south of the Island.
Tyson Fury's boxing glove sold for £7k in charity auction
Island resident Tyson Fury's boxing glove has been sold for £7,000 at a charity auction.
Parcels may be hit by customs charges under EU rules
The Post Office says new customs rules for parcels sent to European Union countries will come into force next week.
Number of police searches rises by nearly 37 percent
The number of stop searches by police increased by more than a third in the past year.
Broad to stand for Ayre and Michael
A local businessman has declared he'll stand in the general election for Ayre and Michael.
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