The proposal would create a direct walking link between the two shopping centres.
Town enhancement works, including the pedestrianisation of a street in Athlone, are being described as a potential catalyst for change.
The plans for Sean Costello Street are at an early stage but a public consultation process could start as early as May.
It would create a direct walking link between the town's two shopping centres and take 12 months to complete if approved.
Project manager Deirdre Reilly says it'll bring a new dimension to the area: