Heading into the 2018-19 Giant 2W Gravity Enduro Series, Rotorua Mountain Bike Club will be taking the reins.
Having purchased the event earlier this year, event owners Heather Logie and Shane Spicer, of HeroDirt Limited, have decided to gift the event to the Rotorua Mountain Bike Club.
"We are sadly unable to run the event ourselves, due to a change in personal circumstances. But we would like for the Giant 2W to remain a key event on the Rotorua events calendar, for it to be owned by the community, and for the profits from the event to be invested back into riders, and into the trail network we love so much," Logie said.
As a condition, HeroDirt has specified that the club establishes the Mark Dunlop Memorial Scholarship. The scholarship, valued at $10,000, will be awarded each year to a rider to support their international racing dreams.
Dunlop's family said the scholarship would be "a wonderful way to remember and celebrate the man Mark was".