Braddan commissioners say they expect the Roundhouse to lose more than £1 million in the next six months.
A report to the local authority at its June meeting said its expected income from the facility's rents and sports hall would be £355,000.
However, salaries, capital costs and other costs would amount to £1.34 million.
It also estimated it had lost £64,000 in five months because of unsigned tenancy agreements.
38 August babies, says Jane Crookall
The Jane Crookall Maternity Unit has released this month's baby birth figures.
Mountain Road to close later
The Mountain Road will close later as motorsport equipment is taken down.
Dara Ó Briain to play Villa Marina
Comedian Dara Ó Briain is returning to the Isle of Man next year.
Drunk man fined after hotel incident
A man has been fined after admitting being drunk and disorderly outside a Douglas hotel.
Meeting for would-be amphitheatre performers
If you want to be among the first to perform at a unique Douglas venue when it reopens, you're being invited to a meeting this week.
Tynwald committee to consider dyslexia?
Tynwald could set up a committee to look into dyslexia, dyscalculia, dysgraphia and dyspraxia in the Isle of Man.
Appeal for driver to come forward after crash
Police in Peel are asking a driver to turn themselves in after they hit another car but didn't stop.
No asylum seekers sent here, says Chief Minister
The government hasn't had any talks over asylum seekers being sent here from the UK.
