A cross government team will be set up to evaluate any bids made on the old Summerland site.
The group will consist of representatives from the Departments of Community, Culture and Leisure, Infrastructure, Economic Development and Treasury.
It will be chaired by Infrastructure Minister David Cretney who says all tender submissions will be assessed on principles of ‘best financial consideration’.
The matter was raised by Onchan MHK Zac Hall in the House of Keys who wanted to know what criteria would be used to review the bids.
Mr Cretney says due regard will also be given to proposals that provide economic and social benefits such as guaranteed employment and enhanced leisure facilities.
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