Hamilton Street Circuit is a temporary street circuit in Hamilton, New Zealand as part of the V8 Supercars championship. The 2008 event from 18 to 20 April was known as the Hamilton 400. The Hamilton 400 is a contest between Ford and Holden and is a part of the Australian V8 Supercar series. On Wednesday, 28 October 2009, New Zealand Herald reported that New Zealand's largest group of independent trade building supply merchants, ITM, will sponsor the race from 2010 to 2012. The event will be renamed as ITM 400.
On 14 December 2010, The New Zealand Herald reported that Julie Hardaker, the newly elected Mayor of Hamilton, and some councilors appointed an independent auditor to audit the cost of the race. The figures released on 14 December suggested that a NZ$3.5m cost to change the event to a different promoter (the original promoter, Caleta Streetrace Management, was collapsed in 2010), NZ$5.1m for operational costs and NZ$20.3m for set-up costs. The sum (NZ$27.4 million) did not include "commercially confidential" amounts such as event sponsorship payments.
The cost to run the V8 Supercar event was eventually deemed too great and the final V8 Supercar race was held on April 22, 2012; it was won by Mark Winterbottom.
Read more about Hamilton Street Circuit: The Circuit
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