Chief Minister Allan Bell has described the news a key development in Ramsey has been put on the backburner as 'a blow'.
The Church on the Rock project was expected to cost in the region of £5 million, featuring a multi-purpose 400 seat auditorium for functions and concerts, a cafe, modern office suites and smaller halls on the site of the former Albert Road school.
However, it’s been pulled after substantial financial backing was withdrawn.
Mr Bell is the town's MHK:
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