Councillors have been asked to set aside £160,000 to help stage part of the Tour de France cycle race in Calderdale.
The event is due to take place in 2016 but could be brought forward to 2014.
About 1.5 million spectators are expected to watch the cyclists as they travel from York to Sheffield, including 160,000 Calderdale residents.
The event could be worth £3 million to the local economy, lead to an upsurge in visitor numbers and longer term improvements to sport and leisure.
Calderdale Council Cabinet will consider the bid when it meets on Monday.
“A key outcome is to deliver a robust cycling legacy to develop cycling through leisure, sport and commuting,” according to the council’s community services director, Robin Tuddenham.
The exact route for the Tour has still to be agreed and the cabinet has been recommended to set up a project group to come up with suggestions.
These could include taking the cyclists down Keighley Road, in Hebden Bridge, and up Cragg Road, Mytholmroyd, which is one of the longest continuous hills in the country.