TAMWORTH could soon become home to a national motorbike event which has been touted to inject millions into the city's economy.
The council will vote on taking on the new event - the National Thunder Motorcycle Rally - at its ordinary meeting on Tuesday.
The council has been asked to put $117,000 towards the establishment of the event which would be hosted at the AELEC.
"National Thunder will be an all breeds event and the only national motorcycle rally for all manufacturers in Australia," the council's events manager Barry Harley said in his report.
"The National Thunder Motorcycle Rally will be themed around bikes, music and food and will feature four days of family-friendly fun that will be also open to broader community of non-riders to enjoy the spectacle."
The first rally would be held on the October long weekend in 2020 with a full entertainment "program featuring motorcycles, show cars and music".
While the event is predicted to run at a $22,000 deficit in its first year due to establishment costs, including the "creation of an interactive website, logo and artwork design, increased awareness marketing campaigns," the council has forecast the event would draw more than 3000 bikes by its second year.
If approved, the council will allocate $35,000 from its 2018/19 budget and a further $82,000 from the following to kick the event into gear.
The council's estimates, calculated through the National Institute of Economic and Industry Research model, suggest it could be worth more than $3 million to the city's economy in a few year's time.
National Thunder will be an all breeds event and the only national motorcycle rally for all manufacturers in Australia.Council events manager - Barry Harley
"Event impact on the local economy ... a combined economic benefit of $1,278,489 in year one and $1,917,733 in year two," Mr Harley's report said.
"Registrations of 5,000 in future years, which isn't outside possibility given numbers achieved by Harley rallies, would inject $3,195,222 into the economy."
The council would establish an advisory group of interested stakeholders to help plan the first event.
Mr Harley's report said the city had a proven track record hosting major events and pointed to the success of the 2015 national Harley Davidson rally at AELEC.