It’s thought the loss of the TT is costing Douglas Borough Council upwards of £100,000.
The event was cancelled this year and government announced earlier this month the 2021 races have also been called off.
Council Leader David Christian says that decision didn’t come as a surprise.
He told Local Democracy Reporter Chris Cave the focus should now be on finding alternative ways of boosting the economy.
Free period products on HOK agenda next week
Should the government provide free sanitary products for women?
Bus Vannin fares and routes to change from May 7
A new bus timetable from next week brings with it increases to ticket prices.
90mph winds would turn-off wind turbines, says MUA Chair
The chair of the Manx Utilities Authority says turbines planned for an Island wind farm would only be turned off in winds beyond hurricane force.
New defib machine installed in Central Douglas
A new lifesaving machine has been installed in Central Douglas.
Restraining order for man accused of harassing woman
A man accused of harassing a woman over an eight-month period has been handed a restraining order.
Education department reveals school fire alarm details
The Department of Education, Sport and Culture says one in six fire service callouts to schools were because pupils had set off fire alarms.
Mobile mast replacement planned
A mobile phone comp any says it wants to replace a mast in the north of the Island.
Gas main work to close Summerhill
Isle of Man Energy says it'll need to shut a busy road in Douglas for three weeks this summer.
