Onchan Commissioners have applied to borrow more than £267,000 to refurbish a youth and community centre.
The local authority has asked permission from the Department of Infrastructure to take out the loan, which would be repaid over 10 years.
The centre is currently undergoing work, which is expected to take until January next year to complete.
The Department of Infrastructure says it'll make a decision on the borrowings next week.
Forecast high winds cancel three ferries
This evening's 7.15pm ferry from Douglas to Heysham has been cancelled.
New Iranian ruler tied to Manx-registered company
The new ruler of Iran is reported to have built a global property empire with the help of a company based on the Isle of Man.
Temporary speed limits around TT course from this week
There's temporary speed limits around the TT course for over two months from this week as the Department of Infrastructure gets ready for the races.
Government considers laws for BYOB events
Justice and Home Affairs Minister Jane Poole-Wilson says her department's currently considering whether new laws are needed to cover Bring Your Own Booze events.
Police warn about bad behaviour in school - by parents
Police are warning parents to behave if they go to schools - or face a fine.
New fashion outlet for Peel this weekend
A new shop will throw open its doors in Peel this weekend.
Weather warning for gale force winds
Ronaldsway Met Office has issued a yellow weather warning for gale force winds tomorrow.
Politician raises questions about student loan changes
Onchan MHK Rob Callister has raised two potential changes to student loans, in questions to a minister.
