MEANWHILE, V8 Supercar boss Tony Cochrane will not back down on a cementing a Homebush street race on the V8 calendar and has indicated every possibility of making it a future final round of the championship.

Plans to transform Sydney’s Olympic Park into a street festival could see similar crowd numbers to that of the season-opening Clipsal 500 in Adelaide which reach in excess of 250,000 spectators. Costing $15 million annually to stage, Cochrane said V8SA still stood firm on its intention to cover those costs and has already received "a tremendous groundswell of support" to keep pursuing the project.

"We’ve made it very clear that (V8 Supercars Australia) is prepared to take the annual operating costs as our risk, we’re not expecting the government or anybody else for that matter to carry that cost," said Cochrane.

"SOPA – the Sydney Olympic Park Authority – the majority of their board are all in favour of it so there’s a tremendous groundswell of support for this event."

The NSW Government has been in possession of V8SA’s second-stage proposal for approximately 18 months and, despite not receiving any indication of whether or not the event will ever see the light of day, Cochrane remained hopeful.

"We haven’t had a ‘no’ yet from the NSW government so we remain optimistic," said Cochrane.

"I think it’s fair to say I’m relentless and we want to have it as the final round of the championship. We want to make it a huge event with the rock concerts and all the rest of it.