THE Manx Government has performed a u-turn on the future of the Summerland site and has now agreed to consider a revised bid for the site.
Last week the Department of Community, Culture and Leisure announced it would sell the site for housing for around five million pounds.
The department had said that selling the land offered the best value for money in the "current financial circumstances."
However they have now agreed to consider a revised bid from the most recent company to tender for the site.
GB Building Solutions, in association with Springham Limited, met with Minister David Cretney MHK yesterday (Monday) to review the reasons why the department had been unable to recommend their scheme for approval by the Council of Ministers.
Mr Cretney said: "I am pleased GB Building Solutions in association with Springham Ltd listened to our concerns and that they then suggested a range of possible options for the future.
"They have agreed to come back to us in a week and I have agreed to defer the planned planning application.
"We will meet again very soon in an attempt to find an outcome that allows us all to achieve value for money and improved leisure facilities for locals and visitors."
Also see: Summerland site up for sale