Enterprise Minister Tim Johnston says he supports the decision not to hold a rally event on closed roads in September.
In the House of Keys this week, he said his department had met organisers after the Department of Infrastructure said their application for the event hadn't contained enough details.
It's estimated the cancellation cost the Island around £750,000 in visitor spending.
Mr Johnston said despite a number of meetings with both sides, nothing could be worked out in time:
Man in court over cannabis
A Douglas man has admitted possessing cannabis after police raided his home.
Summerhill Glen lights return
A traditional and colourful attraction has returned to the Island's capital.
Man in court over biting allegation
A man accused of biting hotel owners will appear in court again in November.
Tin Baths means bus diversions
Bus services in the south of the Island will see some disruption today.
Have a ducking good time in Laxey!
One of the biggest sporting events in Laxey gets underway later.
Andreas ratepayers face fridge fly-tipping bill
Andreas Commissioners are appealing to people to come forward with information after fly-tipping in the parish.
Ancient fort damaged by fire and litter
A 2,000 year old fort in Port Grenaugh has been left damaged by litter and a fire.
Benefit fraud landed woman £15,000
A woman will be sentenced next month after admitting a benefits fraud which wrongly netted her more than £15,000.
