I submitted a letter of support to the council in July and they have been sending regular updates

Looks like the circuit racing would be more supported than Drag racing however i dont think its been junked as yet

Interesting reading and sumaries of the councils survey Page 55 to 75

http://www.wyong.nsw.gov.au/about/Council_meeeting_agenda_11-25-09%20web.pdf 



also discussion in Drag Racing http://forums.aussieveedubbers.com/viewtopic.php?tid=77698