Federation Council ticked off the draft master-plan for one of its major projects on Tuesday with total completion of the staged redevelopment to take four years, beginning with the northern section of the park behind the aquatic centre which is also undergoing a significant makeover.

The park will remain open as stages are completed with key elements being the creation of a public park alongside Bridge Road where long-term caravans were previously situated before their removal.

The draft plan "does not prohibit, nor does it promote" the offering of annual sites at this stage.

The plan aimed to create different accommodation options which maximise river views and created larger sites for modern vans and RVs.

All sites, including tent campers, will be powered to enable device charging.

Five high-class cabins in a prime area of the park overlooking the lagoon and river foreshore are also proposed.

Twenty existing cabins will be relocated and upgraded in a budget tourist cabin precinct and existing trees which are in good condition retained to provide shade and maintain visual amenity.

A total of 99 large short-term sites and five large ensuite sites, catering for caravans, with boat storage, are proposed in the northern section near the pool.

The annual economic benefit to Corowa from the park in 2018-19 was $2.8 million and deputy mayor Shaun Whitechurch said it could be huge boost to the town.

"We've got to follow through and make it happen," he said.

Cr Gail Law said there would be an instant lift in visitation.

"It is going to be so much better than it ever was and it's such an excellent job that has been done to date," she said.

Cr Paul Miegel said the economic benefit to the town shouldn't be under-estimated.

"It has the opportunity be a real game changer for Corowa and the local area," he said.

The plan will be on public exhibition until June 10.