TWIN FALLS -- At least six groups of daredevils, stuntmen, and aerospace engineers are competing for rights to jump the Snake River Canyon on the 40th anniversary of Evel Knievel's ill-fated attempt.

They're expected to outline plans for the stunt in front of the Twin Falls City Council Thursday afternoon at 4 p.m.

Here's the complicated part -- while the city owns Knievel's giant dirt launch pad, the state of Idaho owns the landing zone. That means both city and state have to approve the event.

Here's a short list of the teams vying for rights to jump:

First, there's Big Ed Beckley, a Texas millionaire. Big Ed just paid big bucks -- $943,000 -- to the state of Idaho to lease the landing zone from the state department of lands for the next two years. So far, he's the top contender and has shelled out the most cash.

However, Beckley's got other competition. See the complete list here.

Some are local aerospace engineers, including those with Omega Point Productions in Twin Falls. Others include television corporations, national event promoters, even a Red Bull stuntman named named Miles Daisher who wants to jump the canyon on a high-tech motorcycle reminiscent of the Disney movie TRON and glide across to the other side in a squirrel suit.

Each team will have 15 minutes to present a viable plan in front of Twin Falls city officials with the hopes of getting the nod to use Evel Knievel's original launch ramp -- which was itself recently annexed by the city.

Twin Falls city officials are being careful, some might say even shrewd about who they choose.

Spokesman Josh Palmer said they've got to consider community safety, massive crowd control, and million-dollar broadcasting rights.

Knievel's 1974 jump was broadcast to an audience of millions, and generated higher ratings than the Superbowl.

However, Palmer says negative effects from the event still linger.

Back in 1974, I do not believe that Twin Falls was really prepared, or really knew what they were about to see, Palmer told KTVB. ... there was a lot of criminal activity, everything from theft to severe damage to homes...

Palmer says the city will have ultimate control of who uses Knievel's launch ramp next and when.

The 40th Anniversary of Evel Knievel's historic jump is September 8, 2014

We're told the Twin Falls City Council will meet again later tonight to consider the plans submitted. The council does not have a firm date for approving or denying the stunt.

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