Sounds like a good thing for the area.
We in The GT Club started a similar event at Harry's Cafe De Wheels in Liverpool, Sydney.
We started off with just 6 or so guys and our GT's, now some 14 months later we have built it into a chaotic Muscle car, bike and Hot Rod fest every last Saturday of the month.
We attract at least 400 cars every month.
The owner of Harry's Cafe De Wheels is so thankful for what we have established that he is now a proud sponsor of The GT Club and even wears our club shirt while serving!
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