Bob McClenaghan said he had already been in contact with the organisers of D1NZ National Drifting Championship Series to get his name on the list of competitors.
"I've been waiting for it to come to my home town.''
Drifting is a driving technique where the driver intentionally loses traction then maintains control of the slide. Competitors are judged according to the speed, angle, showmanship and line taken through a corner or set of corners.
The event will transform the stadium from a sports field to a paved track.
Series managing director Brendon White said the track for the December 2 and 3 event would be built over three days by laying polyurethane on the grass, plywood on top of that, a gravel base, then 45mm of specially formulated asphalt.
That would create a 3600sq m surface that could be dismantled a day after the event.
Mr White said drifting had been held in stadiums before, but the event in a roofed stadium would be a first for the southern hemisphere.
It would be one of six drifting shows across New Zealand: a five-round national championship series followed by a teams championship event at Mt Smart Stadium in Auckland.
Mr White said his organisation had been running drifting shows around New Zealand for the past 14 years.
While drifting was the major drawcard, fans would see pyrotechnics, stunts on motorcycles, BMX bikes and more.
Of the small area for drifting, Mr White said: "Drifting isn't like your traditional motorsport.
"You can definitely do it in a small circuit like that.
"They still get up to a speed of 120kmh when they initiate into the first corner.
"They're very fast cars.''
Mr White also said he planned for the event to be an annual one in Dunedin.
"We've already said to the stadium, Dunedin Venues, the people we're working with around the regions, that we want this to be an iconic motorsport event that happens every year.
"To undertake something like this, you don't want it just to be one-off.
"We're definitely in it for the long term.''
A Dunedin Venues spokeswoman said the way the track was set up meant it provided a suitable base in which the weights and loadings placed upon the ground were adequately spread across the grass pitch.
Annual pitch renovations would begin after the event.
