A TT world series could be in place by 2017 if plans are approved by government.
So far more than £121,000 has been spent on exploring the idea – which includes a feasibility study and exploring potential venues.
Economic Development Minister John Shimmin says so far it has the backing from the Council of Ministers:
Final contract negotiations are now being undertaken – it’s hoped a contract will be signed shortly.
Minister Shimmin says it is worth progressing:
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