Onchan Commissioners say they want to borrow £200,000 to make improvements to a commercial centre.
They've asked for permission from the Department of Infrastructure to borrow the cash.
The local authority says it wants to refurbish and repair Elm Tree House.
If the application is approved, the board says it would repay the money over 30 years.
Questions over Noble's private treatment money
How much cash has private treatment at Noble's Hospital made, and what has the money been spent on?
Douglas attack leaves man seriously injured
Police are appealing for witnesses after an attack left a man with what officers say are "significant injuries".
Shoplifter remanded after theft spree
A man's been remanded in prison after a shoplifting spree in Strand Street in Douglas.
One-way system near Noble's Hospital for roadworks
There's a one-way system in operation near Noble's Hospital from this week.
Man in court over alleged breach of domestic abuse order
A man's appeared in court charged with breaching a domestic abuse order.
Bakery plans for Ballasalla
The island could be getting a new commercial bakery - if a planning application gets approval.
Investigation into suspected arson in south
Firefighters and police are investigating after a suspected arson attack in the south of the Island.
Heritage trail work means closures this week
A trail across the Island will be closed in sections this week for work.
