An extraordinary meeting of Bathurst Regional Council will be held on Thursday afternoon and could potentially see a decision to take out a $2.25 million loan reversed.

To do that, councillors Jennings, John Fry, Monica Morse and Jacqui Rudge would need to vote the same way they did last week and together make an argument to get at least one other councillor to change their mind.

READ MORE: Bathurst go-kart track: Rescission motion submitted to reverse funding decision

Although Thursday's vote will only deal with the funding for the construction of the track, Cr Jennings' argument largely revolves around relocating the facility all together.

He is pushing for the track to become part of the second circuit precinct, despite a motion proposing just that failing to get enough support in council in June.

"It's ironic that the five councillors who desperately want the go-kart track and the second circuit projects to succeed are rapidly killing them both off, through reckless financial bungling and crooked governance - all at local ratepayers' expense," Cr Jennings said.

"As separate projects, both are heading to the financial graveyard.

"Truth is, the last five years has seen massive capital cost blow-outs combined with crippling risk factors, plus now a lack of due diligence and prudential respect for ratepayers money that can no longer be ignored."

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He noted the cost of the go-kart track was now $4.5 million, compared to an estimate of $1.1 million when it was approved in 2015.

However, since 2015, the development application was modified and that modification approved to allow the track to be built to international standard, which is a factor in the increased cost.

Council's general manager said other factors influenced the increased estimated costs, including the engineering department getting more detailed modelling and taking into account current infrastructure costs.

Cr Jennings also said the cost of the second circuit project "has ballooned so badly it genuinely could pop".

"But there is a solution worthy of more council policy effort because it could achieve a win-win-win-win for, one, the Bathurst Kart Club; two, the second circuit; three, the Wiradyuri elders; and four, all Bathurstians who want to enjoy McPhillamy Park as it was originally and rightfully intended," he said.

"The solution also reverses the mayor's betrayal of Bathurst ratepayer's of forcing a ratepayer-funded loan that adds $266,000 in interest costs, all under COVID-induced deficit-budgeting times."

CR Jennings says relocating the go-kart track to the second circuit precinct would benefit the latter project.

He has proposed that the $20 million council has secured in state and federal grants for the second circuit be put towards establishing the go-kart track at that site.

He said "a relatively minor amendment needs to be renegotiated" with the governments to enable this money to be spent on "breaking ground on the second circuit precinct, starting with access roads and an international go-kart track".

READ ALSO: Bathurst go kart track: Calare MP Andrew Gee can't guarantee future federal funding

"Relocating the kart track will obviously take new engineer scoping works - a small cost relative to the project totals to date," Cr Jennings said.

"And the big win for Bathurst Kart Club is they benefit immediately, and not suffer the terrible brand damage of needlessly taxing Bathurst ratepayers, destroying the utility of public parkland and avoiding umpteen litigation bills and potentially years tied up in courts."

READ MORE: Council's GM downplays legal argument for not funding go-kart track

He said starting the second circuit project "will help leverage the balance of grants needed".

The Bathurst Kart Club has stated on multiple occasions, most recently in June, that it is opposed to the go-kart track being included in the second circuit precinct.

"For those suggesting we integrate with the second track, it's simply not viable for our community club to compete with demands we anticipate will be placed on the second track by big business," club president Mark Dunbar said in June.

When the a notice of motion was dealt with by council that same month, general manager David Sherley listed a number of issues with the idea of including the go-kart track in the second circuit precinct.

Those issues were:

Those issues remain relevant until an exact site within the precinct is determined.

It's ironic that the five councillors who desperately want the go-kart track and the second circuit projects to succeed are rapidly killing them both off, through reckless financial bungling and crooked governance - all at local ratepayers' expense.

As separate projects, both are heading to the financial graveyard.

Truth is, the last five years has seen massive capital cost blow-outs combined with crippling risk factors, plus now a lack of due diligence and prudential respect for ratepayers money that can no longer be ignored.

First, the kart track. When first approved in 2015, the kart track was estimated to be worth about $1.1 million, but now that's exploded to cost $4.5 million - a 400 per cent increase plus the snow-balling risks.

Newsflash: The second circuit project budget has ballooned so badly it genuinely could pop.

Internally, council is still struggling to confirm a final price tag because unforeseen new costs, like Paul Toole's new state Biodiversity Act that is adding millions and millions to the build cost.

But there is a solution worthy of more council policy effort because it could achieve a win-win-win-win for, one, the Bathurst Kart Club; two, the second circuit; three, the Wiradyuri elders; and four, all Bathurstians who want to enjoy McPhillamy Park as it was originally and rightfully intended.

The solution also reverses the mayor's betrayal of Bathurst ratepayer's of forcing a ratepayer-funded loan that adds $266,000 in interest costs, all under COVID-induced deficit-budgeting times.

Recall council has already secured $20 million in state and federal grant monies for the second circuit project. Therefore, a relatively minor amendment needs to be re-negotiated with the state and federal governments to enable this $20 million to be spent on breaking ground on the second circuit precinct, starting with access roads and an international go-kart track.

I'm advised council won't get much change from $20 million but the access road costs have to be met at some point regardless, so let's throw-in the relocated kart track as the first priority within the precinct of the second circuit. Done right, the relocated kart track could be built in under two years because it's already paid for by external sources.

Relocating the kart track will obviously take new engineer scoping works - a small cost relative to the project totals to date. And the big win for Bathurst Kart Club is they benefit immediately, and not suffer the terrible brand damage of needlessly taxing Bathurst ratepayers, destroying the utility of public parkland and avoiding umpteen litigation bills and potentially years tied up in courts.

Relocating the Kart Track means McPhillamy Park is preserved for all Bathurstians, including local Wiradyuri Elders who've signalled intention to drop litigation if relocation occurs. As Bathurst's population grows in the coming decades the top of the Mount will only get more valuable to our community.

Finally, the benefit to the second Circuit is that it gets taken off the Never-Never by getting stage one done, making it a "going-concern" that will help leverage the balance of grants needed.

Good policy work is sorely needed because crooked governance, reckless spending and bad financial management is sending our future motor sport dreams to their respective graves, at speed.