Mr Colbourne owns The Cardrona horse trekking business at the bottom of the Pisa Range road used for the popular motor race in April.
He told the Otago Daily Times yesterday race promoter Tony Quinn, who owns the Highland Motor Sport Park at Cromwell, was wrong to say he had been ''held to ransom'' by members of the community.
Mr Colbourne said he had agreed to shut down his business to make room for parking and had sought $560 per day for five days of lost earnings.
''It's a pittance. I could have made more by opening.''
Mr Colbourne said he did not receive payment until Tuesday, the day Mr Quinn came out with his ''rant'' about being held to ransom by businesses wanting a ''hand-out''.
''We all actually bent over backwards to help him out, and for him to voice his opinion in the media is ... rude.''
Mr Colbourne said Mr Quinn had not involved Cardrona businesses in the event.
''Pretty disappointing, really, for a guy that promised a lot and was pretty short on delivery, to be frank.''
Mr Colbourne said he was ''for events'' in the valley and when initially approached by Highlands said: ''Whatever we can do to make it easy, let us know''.
''Which we did. We shut down and moved.''
In a statement on Tuesday, Mr Quinn said one of the reasons for the demise of the event was the lack of a 10-year contract with the affected landowner and other affected parties.
Mr Colbourne said his business was the most affected but he had been handed a contract only a week after the race, and he was not happy with its terms.
The road used for the race is owned by Cardrona Valley Farms Ltd which declined to answer ODT questions about its experience with the event.
The Southern Hemisphere Proving Ground has an easement to operate and maintain the access road.
Its general manager Shaun Gilbertson told the ODT yesterday road repairs after the event would be less than the $90,000 quoted by Mr Quinn on Tuesday.
However, they were still substantial and could not be compared with the $35,000 spent as a result of the 2007 event.
''It's not just a gravel road.
''It's got a base course and everything else, so you have got to think about where we are going to be in the end, and we're factoring that in.''
''Mountain roads cost a lot to maintain, and it's really important to us that we have it in good condition for our customers in the winter time.''
Highlands manager Mike Sentch said a combination of factors ''culminated in it being too hard to do''.
Mr Sentch said the cost of road maintenance would mean an extra $2000 being passed on to race entrants.
''It becomes price prohibitive to do it.''
He said a 10-year contract was needed to get sponsors ''locked in''.
Mr Sentch said April's race did ''not quite'' break even and had certainly not make the ''mega bucks'' some people believed.
''We were in it for the long-term, but it just all got too hard, really.''
