While the race's current paymasters have categorically ruled out Ecclestone's demand for floodlights at Albert Park, New South Wales state premier Morris Iemma has promised to look into installing the infrastructure at the Sydney circuit Eastern Creek, which is currently a venue of the A1GP series.
"It's not a blank cheque, but it could be held at a place like Eastern Creek, obviously with modifications," Iemma is quoted as saying by Melbourne's Herald Sun.
"If formula one is looking for a night race then Eastern Creek could be converted to suit them," he added.
Melbourne based major events minister Tim Holding, however, played down the prospect of a successful formula one bid by Sydney.
"The proof of the pudding is in the tasting," he said. "They have to secure some events and people will take them seriously after that."