Garff commissioners have applied to spend £850,000 buying a plot of land to use as sheltered housing.
The local authority has applied for permission from the Department of Infrastructure to borrow the cash, which would be repayable over 37 years.
It says it wants to buy the former Princes Motors site on New Road in Laxey.
Commissioners want to build a new sheltered housing complex with offices there.
Firefighters tackle blaze in Douglas
The Fire and Rescue Service says a smoke alarm alerted residents about a fire this morning.
Information about use of supply teachers won't be revealed, says education department
The Department of Education, Sport and Culture says it won't reveal information about the use of supply teachers in the Island's secondary schools.
Sidecar ace celebrates passing bike test!
After a dominant performance with a lap record during this year's TT, Ryan Crowe is celebrating again - after passing his test!
Youth unemployment queried in Tynwald
Treasury Minister Alex Allinson says the government doesn't know how many 18 to 21 year olds are out of work and education.
Forgotten P50 sells for $85,000 in Australia
A Peel P50 which was uncovered in a garage in Australia has sold for more than £41,000 at auction.
Photographer captures comet view from the Island
An Island photographer has published a once-in-a-thousand-years shot of a cosmic spectacle.
Village's clock tower may be fixed next year
Problems with Foxdale's clock tower could be solved next year.
Tynwald pays formal tribute to late MHK and minister Geoff Corkish
Tynwald has paid tribute to former MHK, MLC and minister Geoff Corkish, who passed away last month.
