Sunderland in bid to host Tall Ships Race 2018
15 August 2014 Last updated at 20:24 BST
Could the Tall Ships Race be returning to the North-East for a fourth time?
The world-famous event, which has already drawn massive crowds in Hartlepool and Tyneside - could be back in 2018 if a bid from the Music, Arts and Culture Trust in Sunderland is successful.
The Trust said the race could mean a massive boost to the city's economy, as well as being a reminder of Wearside's maritime heritage.
Look North's Damian O'Neil reports.