Hamilton's mayor says although the city has been chosen as the preferred venue for the V8 supercar race, the deal is not yet sealed.
Subject to resource consents, the contract between the V8 Supercar governing body Avesco and Hamilton City Council will last for eight years from 2008 until 2015.
The street race will be held in the largely industrial suburb of Frankton, bringing a projected $25 million a year into the city.
Previous attempts by Wellington and Auckland city to host the race both failed due to public concern over noise levels and disruption to transport networks in each region as well as the detailed resource consent process.
Hamilton City Council unanimously supported the event, but Mayor Michael Redman says the council realises there will be people against the plans. Nevertheless, he believes the Frankton circuit offers the best chance for consent in the country as it won't affect traffic as much.
The successful Hamilton bid squashes the hopes of Whenuapai, Wellington, Hampton Downs, Taupo and Manfeild consortiums which had hoped they were still in with a chance of hosting the New Zealand round of the popular series.
The president of the Waikato Chamber of Commerce, Steven Saunders, was quoted in the New Zealand Herald as saying there was an understanding that resource consent for the event would be granted, despite the need to still complete a public consultation process.
"Hopefully Hamiltonians, and those in a position to decide, will take the sensible option. The direct economic benefit is $175 million, that's dollars new to the region which will stay for the duration 2008-2015. It's a huge win for Hamilton," he told the Herald.
Helen Forlong, a business owner in Frankton, has given the event her endorsement.
"I think it's wonderful. Frankton is an area full of businesses that will love the idea - there are panelbeaters, car yards, car painters, wreckers, dismantlers, warrant of fitness shops - it will be great exposure for them. Noise won't be a problem, it's quite an industrial area," Forlong told the Herald.
Pukekohe will host the New Zealand round of the 2006 series in April.

