"Following an in-depth feasibility exercise, the event organisers are proposing to dig up the stadium ground and install a complex network of 5 metre-wide channels ranging from 40 to 70 centimetres deep," reads the press release.
Baypark general manager Ervin McSweeney said they wanted to provide something new and exciting to local residents as well as offering a real drawcard to people to come south from Auckland.
"We are told the races are thrilling to watch and the stadium setting will give spectators a unique opportunity to really get 'up close' to the racing action."
Wanganui's world champion Leighton Minnell and partner Kellie said they could not wait to test the waters.
"We've always had the dream of being able to race in a stadium one day and we can't quite believe the moment has finally come," said Minnell.
"Jetsprint racing is an iconic Kiwi sport so it seems only fitting that, as founders of the sport, the venue for the first stadium-based jetsprint race event is on home soil."
Minnell said as the Bay of Plenty already had a huge base of speedway fans, it was great Baypark management put their hands up to bring a water-based variety of racing to the headquarters.
NZJSA chairman Eric Hoksema said the coverage should be fantastic.
"It truly has the potential to transform the sport on a global scale. Creating a stadium-based event will allow us to take the sport to the next level.
"We have secured live television coverage of the event with TV3 Sport, Sky Sport and Freeview 24-hour Sports Channel.
"Having a stadium-based event is a huge advantage it's so much easier for the action to be televised and will be spectacular for all audiences, whether live at the event or in their armchair at home."
Up to 50 teams are likely for the stadium round alone and as New Zealand is scheduled to host the 2015/16 World Jetsprint Championships, the Mount could become the crown jewel for that event.
For Minnell personally, the coming season is the chance to see if he can catch rival Peter Caughey of Canterbury for the Superboat title.
The four-time world and six-time national champion was in quasi-retirement while the Minnells went on to national and then world championship glory.
However, Caughey made his comeback with a vengeance last season, winning four of the six rounds including both Wanganui legs.
Minnell claimed Round 2 in Featherston and had to overcome engine troubles in the other rounds, selling his boat before the final Shelterview race and ultimately finishing second overall.
Last season Caughey himself predicted Wanganui's Rob Coley could also be a big threat this coming summer.
In the other classes, Wanganui has both the defending national champions as Richard Murray won the Group A title and Gerry Linklater took out the 400s championship.
2014 NZ Jetsprint Championship
* Round 1: December 27, Wanganui.
* Round 2: January 25, ASB Baypark Stadium, Mt Maunganui (day/night).
* Round 3: February 9, Meremere.
* Round 4: March 16, Hastings.
* Round 5: April 5, Wanganui (night).
* Round 6: April 18, Wanaka (final).
