City's new V8 racing track to 'rival Bathurst'
A MOTOR racing track and multi-sports facility could be operational on the outskirts of Toowoomba by August 2016.
Speedcafe.com reports that the project will be built on a 5000-acre panel of land next to the Wellcamp Airport.
It will be pitched to the State Government next year.
Wagners chairman John Wagner told speedcafe.com that government funding would be crucial to the track's viability.
"For the race circuit we are getting our design and costings together, it's in the planning and design stages.
"We are looking at how we can put a deal together the only way we can make it stack up is to get some government support in some shape or form."
"If we can pull a deal together we can have it operational by August 2016.
"But I must stress there is a lot of water to go under the bridge before that can happen."
Engineering and events firm iEDM has begun preliminary work on the site along with former driver V8 Supercars driver Mark Skaife.
"We've got good topography and Mark Skaife is saying that we could have a track to rival Bathurst," said Wagner.
"Multi-use sports facility, driver training, and associated automotive business not dissimilar to what hangs off an airport.
"We will work to world's best practice and getting the track geometry and design right with the potential to put lights in and that opens us up to a whole different market again."
As previously reported, Wagner's Toowoomba facility is one of four greenfield projects that V8 Supercars currently holds memorandums of understanding with.
V8 Supercars CEO James Warburton describes Toowoomba as a strong prospect for the series.
"We'd love nothing better to be there in 2016, (but) I think it's too early to call that that will happen," Warburton told Speedcafe.com.
"But the potential that it could is one of the better prospects we've had in a long period of time.
"It's more than pie-in-the-sky stuff. It's planned out quite significantly. It will be a very distinctive and very interesting track."