Here are the facts (I used to work for ANDRA)
AIR has been out of action for some time....specs of track not up to standard. Fued between Bob Jane and ANDRA over track condition and saftey aspects.
Court case was regards ownership....it's another story, needless to say Bob Jane has heaps of cash....threw some of it at the court case and won.....so the track stays stuffed.
This new venture is coming from the Pt Adelaide Lord Mayor, and has the support of a lot of high profile Politicians - Nick 'No Pokies' Zenephon is one! Now the Premiers Office is starting to take notice, as Nick is starting to make some noise about this new venture.
The venture is backed by a 'mysterious' (sounds suss to me) consortium who have a fair chunk of the cost of the track ready to go. The reason why the state government is being hounded is land allocation.
No site has yet been established, and with new housing projects popping up like morn horns, the reality is that you do not want a track located next to a suburb....noise restrictions will kill it.
ONLY the state government can allocate suitable land, and then prevent a housing project going in next door. This is the reason why they are being persued....and it's looking like being a fairly safe bet to say that in a few years....maybe, just maybe something might get off the ground.
Hope this helps.
RJ