Island entrepreneur Trevor Hemmings is reportedly selling Blackpool Tower.
The local council is in negotiations to buy the landmark and the winter gardens for a significantly lower cost than Mr Hemmings paid for it.
The property owner bought it for £76 million but Andy Mitchell, news editor at Radio Wave in Blackpool, says a figure of £40 million is now being discussed.
New mortgage option now available for Manx first-time buyers
NatWest International offering family-backed mortgages
Legislative Council edges closer to decision on Bishop's voting powers
The Isle of Man Constitution Bill 2023 now moves to its final stage
No active plans to improve or relocate TT access road
Infrastructure minister says no options are currently being progressed
Mountain Road closed for fuel spill clean-up
It will remain shut until 1pm
