Three major new developments were unveiled yesterday at the Government Conference.
A 55 apartment residential development will be built on Lake Road Douglas, 38 apartments will go up on the former Ocean Castle Hotel in Port Erin, with a mixed use development planned on the former Villiers Hotel site on Loch Promenade, including an 80 bedroom hotel, retail and leisure space.
Private investors will foot 75% of the bill, with the remaining 25% coming from Government, an approach which ensures it will be a viable proposition for the developers.
The plan is to have all three projects operational by late 2026, however a number of you on our Facebook page drew comparisons between these proposals, and the Lord Street development, which has been held up for a number of years.
Minister Johnston described the plans for the multiplex cinema, hotel and leisure facilities as 'still ongoing'
School issues traffic plea to parents as summer holidays end
Digital display planned for airport approaches
16 harbour dredgings for Douglas so far this year
Candidate hits back at trolls targeting would-be MHKs
Commissioners tell candidates where they can't stick their signs
August fourth-warmest on record
Emergency closure in place on quayside
Passport services to move online
