Queensland is fighting to get the Indy back to the Gold Coast.

The Gold Coast Indy 300 was held at Surfers Paradise from 1991 to 2008 and was replaced by the Gold Coast V8 Supercars.

Will Power puts his foot to the pedal during the qualifying session of the Sao Paulo Indy 300. Credit:Reuters

The annual motoring event ended after Indy Racing League and the Queensland government failed to agree on two things - a demand for an extra $3 million to come to Australia, while officials wanted the event moved from October to March to accommodate the American football season.

The IndyCar season runs from March to September.