The Education and Children Minister has given his full support to plans for a new multi-million pound university facility for Douglas.
The Manx Educational Foundation has proposed to turn the empty Castle Mona Hotel into a state of the art International Technology Centre.
So far the MEF has received support from both the Open University and the British Computer Society.
The Manx government has also agreed to underwrite the project to the sum of £5 million over a 10-year lease period.
Tim Crookall says it can only be positive for the Isle of Man:
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New amber warning issued for tonight's storm
Police appeal over theft of building materials
One of capital's oldest buildings may become housing
New NHS safety rule to be brought in on Island
Two city streets to shut for over six months
Revamp of airport terminal planned, says DOI
Four ferries now listed as cancelled today
One weekend sailing cancelled, others at risk because of weather
