Treasury Minister Alex Allinson says rents at a new development in Douglas will be enough to cover the costs of the building.
He faced questions in Tynwald this week from Douglas Central MHK Chris Thomas about Thie Clag, the former nurses' home on Westmoreland Road.
Dr Allinson said Cowley Groves had been appointed to let the apartments and retail units at the site.
And he added rents have already been set for the building:
Questions over future of Tramway Terrace
An historic building on Douglas promenade will come under the spotlight in the House of Keys next week.
Pet owners warned about Peel fireworks
A company's given a warning to pet owners about a fireworks display in Peel next weekend.
Gambling regulator tackling east Asian crime gangs
The Gambling Supervision Commission says it's tackling the problem of transnational organised crime groups from Southeast Asia moving into the Island.
Island full of Russian oligarchs and drug barons, says Canadian reporter
A far right Canadian news site has accused the country's prime minister of avoiding taxes by setting up a company in the Isle of Man.
First cruise of 2025 arrives today
The first cruise ship visit of the year takes place today.
Revealing school validation info would hinder oppenness, says minister
Education minister Daphne Caine says releasing information about problems in schools would prevent open and transparent discussion with inspectors.
Who missed school because of storms?
How many teachers and students missed school because of severe gales in February?
Mountain Road closed for hill climb
Part of the Mountain Road is shut today as the Manx Classic Hillclimb continues.
