Bathurst Regional Council held an extraordinary meeting on Friday afternoon to sign-off on arrangements that will see the Bathurst 1000 run from November 4-7 followed by Challenge Bathurst from November 11-17.

Concerns over a clash in dates were raised earlier this week when council confirmed the dates proposed and advertised by Supercars would impinge on Challenge Bathurst's exclusive use agreement for the track during its "bump in" period prior to the event.

Council has not released details of this afternoon's compromise deal but mayor Ian North was relieved an agreement had been reached.

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"As the owner of the Mount Panorama Motor Racing Circuit, one of the most iconic race tracks in the world, council wanted to ensure both events went ahead and has been instrumental in bringing about a resolution between all parties so this could occur," Cr North said.

"The council, and indeed the community, look forward to the return of motor racing at Mount Panorama this year and we are hopeful that we will also be able to welcome motor sport fans to the mountain for the Repco Bathurst 1000.

"Motorsports bring an economic boost to Bathurst and the surrounding region. Local businesses have been heavily impacted by the dramatic drop of tourism to regional areas in recent months and we look forward to both these event going ahead."

Challenge Bathurst spokesperson Greg Evans said his focus is now on delivering this year's event.

"The Challenge Bathurst team respects and understands the difficulties created for the Bathurst Regional Council by the rescheduling preferences of the Bathurst 1000," he said.

"For the benefit of all parties, the Bathurst community and motorsport fans, we will now shift our focus and energies on every element critical to the viability of our event along with accommodating their event."

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Supercars CEO Sean Seamer also welcomed the result.

"We're glad to see that common sense has prevailed and we thank the Bathurst Regional Council for their support to ensure the Great Race date is confirmed for 4-7 November," he said.

"This is a win for the city of Bathurst along with our fans around the world."

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