Apparently a new development application for a 2.9km circuit in the Port Stephens area has been re submitted.
http://www.ringwoodraceway.com.au/index.php?module=home
This will be a huge boost for the Newcastle, Port Stephens and Hunter Valley areas.
I believe the original plan by the previous owner was for a motorplex type setup but this was rejected due to wanting to run Top Fuel drag meets. The new application is apparently alot more council friendly.
Very interesting to see how this pans out.