On 18 December 2007, Pine Rivers Shire Council and Queensland Raceway (Wrexmere Pty Ltd) signed off on a 30-year-long term lease (with an option for 10 years) to operate the facility, including both driver training and racing.
The circuit reopened during 2008 strictly as a local racing venue, and the new operators, the owners of Queensland Raceway, have no ambitions to hold national level meetings, preferring to use the better quality facilities at their sister-circuit for higher level meetings.