V8 Supercars Australia has announced it will return to Queensland Raceway in 2010.
The event will be known as the Ipswich 300.
A one-year arrangement was agreed with Ipswich Mayor Paul Pisasale and the State Government to retain the event on the calendar from April 30-May 2.
V8 Supercars Australia will manage the event.
“We were able to sort through the issues from an interim perspective but there is a lot of hard work ahead to bring the facility to modern day standards,” V8 Supercars Australia acting CEO Shane Howard said. “Mayor Pisasale is to be congratulated for his persistence in bring this issue back to the table on behalf of the fans and his council who clearly understand the great importance of V8 Supercars to the region.
"V8 Supercars commends the foresight of Ipswich City Council's planning scheme on protecting the future of motorsport in the region. The Council has developed the area as a dedicated motorsport precinct that includes buffers around the circuit that guarantees its long-term future.
“This decision gives us 12 months to work through the many issues with Mayor Pisasale and the Queensland Government who have been highly supportive and very positive about the road ahead.
“Some serious work needs to be done to make it better for spectators and corporate patrons, as well as the teams who are working in very poor standard of conditions.
”If upgrades to the venue are undertaken and the critical elements addressed for spectators and our teams, V8 Supercars Australia will not hesitate to enter into a multi-year agreement.”
Mayor Pisasale said he was confident the necessary work would be done and the facility upgraded to a current day standard.
“This is the first small but significant step in securing V8 Supercars at Queensland Raceway for many, many years to come,” he said. “I'm very pleased we've reached a resolution for the short-term and extremely confident that in the coming months we can really start to lock down some major upgrades to the circuit.”
While V8 Supercars Australia will promote the event this year, the short time frame means that fans are unlikely to see any major differences to the circuit in 2010.