Areas of Worthing could be renamed Windsor in honour of the Queen's Golden Jubilee.
Lasers and fireworks are also set to light up the sky above the town next summer to mark the occasion.
Worthing Borough Council is looking to stage a spectacular firework display to celebrate the anniversary on June 1.
The £8,000 cost of the lasers, fireworks and smoke machines could be paid for by beaming the names of sponsors into the sky.
There would also be activities including a seafront children's parade, a tea party and a torchlight procession.
The area of East Worthing would be changed to Worthing Windsor under the scheme and Selden Lawns would be known as Windsor Lawns. The council ward of Selden would also be renamed Windsor.
The suggestions were put forward by the town's jubilee working party and will be considered by the council leader on Monday.
Tim Dice, the council's spokesman on jubilee issues, said: "The committee was broadly supportive of the ideas and wanted them to be put forward for due consideration.
"The name ties in nicely with the Golden Jubilee obviously and Windsor Road is one of the major roads in Selden.
"I broadly supported the renaming of the ward but we would need to go out to further consultation with community groups in Selden."
East Worthing community association chairman Ian Richardson said: "I suggested changing the name of the gardens at the bottom of Windsor Road to Windsor Gardens and other changes as well."
A permanent memorial depicting the town's heritage is also being planned and is likely to comprise themed sculptures near the seafront.
Council chief executive Sheryl Grady said councillors, community representatives and business leaders had been discussing ways of marking the occasion.
She said: "The group considered that the focus of the town's celebrations should be on Saturday, June 1, and had accordingly agreed that a range of civic events designed to appeal to a wide age range be organised.
"The group was also keen to have a lasting memorial in the town in the form of a sculpture trail.
"In order to enable and finance the programme, it has been necessary to consider re-jigging some civic events.
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