A week of events, including rides in Ferraris, Lamborghinis and possibly even helicopters, is being scheduled to coincide with the centre's second anniversary on 29 May.
On the evening of 25 May part of the city centre will be closed off for the inaugural Liverpool Pageant of Power, which will see supercars race through the city and powerboats speed across the Mersey.
The new Liverpool pageant will act as a preview to Cholmondeley Pageant of Power, which is to be staged in July at Cholmondeley Castle at Malpas, Cheshire.
Event director, James Hall, said: "It is an amazing show incorporating land, sea and air. We have Le Mans and Grand Prix cars, powerboat racers from Formula 2, 4 and OSY, as well as helicopters and aerobatic displays."
The plan is to close both sides of The Strand after rush hour on 25 May. The southbound side will be used for spectators while supercars burn rubber along the northbound stretch.
Estimates suggest the free event could bring £500,000 into the city in one night, with 20,000 spectators attending.
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