The grandstands and pit buildings were demolished in 2004, rendering the track unusable for any motorsport category. In later 2004 and early 2005, there were intense discussions whether the owner, Red Bull, would find another use for the site or actually bring back motor sports to it. However, as of January 2005, this seems more unlikely than ever, as Dietrich Mateschitz publicly announced that he had no intention to waste money on a deficitary circuit. This failure of the project, which was of considerable importance for the surrounding municipalities, may even have serious political repercussions, as Styrian governor Waltraud Klasnic had strongly supported the project.
In 2006, Austrian racing driver Alexander Wurz claimed he would buy the circuit and have it renovated, but little has come about this.
During the whole of 2005 there were speculations of Red Bull Racing renovating the track and using it as a personal testing track in Formula One. It remains to be seen if Mateschitz and his Red Bull Racing will do something about the abandoned track.
In 2007, talks involving Red Bull, KTM, VW and Magna International for a neuer Österreichring have failed after VW pulled out.[1]
In April 2008 the current owners of the track, Red Bull, were to restore the track as a racing venue and DTM chiefs were considering to return there for a race in 2009.[2][3] But in July 2008, the DTM organizers have decided not to include Österreichring into the 2009 program, although plans for the revival of the track are still under discussion.[4]
In October 2008, the track owner Dietrich Mateschitz has ruled out any chance for the track to host a MotoGP or a Formula One Grand Prix in the future, and it will only be used for DTM races. The rebuilt track will be finished by the end of 2010.