It has been estimated up to 60,000 people would use the facility, providing a catalyst for expansion of the sport at all levels - road, track and mountain biking as well as recreational cycling.
"I don't even have a particular interest in cycling but see this as a fantastic facility, with Cambridge set to become the nearest thing we've got to an institute of sport," Devoy said.
Environment Bay of Plenty has not yet thrown its weight behind the project, instead including the HOC on its annual plan. The estimated $500,000-a-year running costs would be covered by track rental, commercial tenants and naming right funding.
"The key thing for me now is to engender some support here because all the focus so far has been on Waikato," Devoy said.
"Most people here don't know about it and the perception is it's solely a Waikato project, which I can understand.
"We seem to always be the poor cousin in anything in relation to Waikato and it's hard to convince people here of the merits of something 80km away, but there's heaps of people in the region with a cycling interest. For the first time in a long time we've got the opportunity to be part of something that's the best in the world."
Rotorua's mountainbiking fraternity was behind the project, with obvious spinoffs for that city, and Devoy hoped the TECT All Terrain Park would in the future play a role in the wider project.
"A lot of the negativity in the Waikato was around the tight timeframe ... it looked like we were jumping the queue [in asking for Waikato regional council backing]. The reality was there weren't a lot of options.
"All people see is a velodrome, a first-class facility costing a ****load of money sitting on a private school site and the message around that can be quite negative," said Devoy.
"I was sceptical myself at the beginning, thinking it wasn't a great time to be building a fancy cycling track, but it's much more than that."