A deal has been agreed for the purchase of the Prince's Half Tide Dock in Liverpool, to develop a new ferry terminal.
The Department of Infrastructure confirmed negotiations have been made with the owner Peel Land and Property Limited.
The Initial decision to buy the land was made by Tynwald in July 2016.
The new site is scheduled to open in 2021.
Off-Island vehicles owe £75k in unpaid parking tickets
People from off the Island have run up more than £75,000 worth of unpaid parking tickets in the last three years.
Government doesn't know how much MHK's questions cost taxpayer
The Cabinet Office says it doesn't know how much one MHK's questions have cost the taxpayer.
Cregneash bus campaigners to host coffee morning
Campaigners hoping for the return of a bus service to and Island beauty spot will be hosting a coffee morning later this month.
Minister hits back over 'five clothing items' green advice
Environment Minister Clare Barber says a government blog "the rule of five" was really about buying local.
Douglas dredging planned for next week
Dredging in Douglas Harbour is due to get underway next weekend.
Police hunt pub spitter - do you recognise him?
Do you know this man?
Collection for Myanmar earthquake victims this weekend
The One World Centre is asking people to dig deep this weekend as it collects money to help people in Myanmar.
Child sex images investigations to get AI help
Police will use AI in future to judge how bad child sex images are.
