Braddan commissioners say they expect the Roundhouse to lose more than £1 million in the next six months.
A report to the local authority at its June meeting said its expected income from the facility's rents and sports hall would be £355,000.
However, salaries, capital costs and other costs would amount to £1.34 million.
It also estimated it had lost £64,000 in five months because of unsigned tenancy agreements.
Treasury rules out universal basic income
If you were holding your breath about universal basic income in next week's budget, you can let it out.
'Incredible' M&S team marks 150 years of collective service
Five members of staff at Marks and Spencer have been celebrating - after achieving a combined 150 years' service with the company!
Coastguards complete two rescues in a day
Douglas Coastguard had a busy day yesterday, after responding to two urgent incidents.
Space to bring 90's vibes to the 'Neighbourhood'
Scouse indie rockers Space are to play the Villa Marina later this year.
Noble’s Private Patients’ Unit reopening later this year for some procedures
Manx Care says it hopes to reopen the Private Patients' Unit at Noble's for certain procedures like cataracts later this year.
Ballasalla roundabout could be completed next year
A busy roundabout in Ballasalla should be finished next year, according to the Island's Infrastructure Minister.
Two more schemes backed by government fund
The Department for Enterprise says it's backing two more developments in Douglas under the Island Infrastructure Scheme.
Island to get Bikesafe scheme for first time
A special training scheme for bikers will come to the Isle of Man for the first time this year - just in time for TT!
