The Manx Educational Foundation has six months to secure the money needed to purchase the Nunnery from government.
If the purchase is made the current university centre will become the International Centre for Technology, taking in students from around the world.
Throughout the next six months the Council of Minister has committed to not entering into discussions with any other buyers.
If successful the MEF will then spend millions of pounds developing the site.
Executive director of the charity Kurt Roosen says they have their work cut out:
Own Homes approaches 1,000 pre-registrations on the Isle of Man
Timpson applies for key-cutting kiosk at Tesco
Post Office suspends deliveries of goods to the EU
Rob Callister confident in election result despite legal challenge
Illegal immigrant turned back at Manx border can't stay in UK
Bank scammers warning as calls target Island residents
Island to extend UK VAT cut on power, says Treasury Minister
Woman thanks mystery van driver after daring sea rescue
Comments
Add a comment