V8 Supercar street race for Sydney

The Daily Telegraph can reveal a Cabinet sub-committee has given in-principle approval to a proposal from V8 Supercars Australia to stage the annual event at Homebush Bay........................................................................................
...................................................................................While the Government is yet to make a formal decision, the move is understood to have the backing of Premier Morris Iemma, who first mooted the idea two years ago only to backflip a month later.
http://www.news.com.au/adelaidenow/story/0,22606,23961418-5006301,00.html