This car was created by Doug Rippie. His claim to fame was the Corvette Challenge Series. Rippie loved racing Corvettes in the US, but, his life-long dream was to take on the world-class marques at Le Mans. So, when Chevy introduced the C4 ZR1 the opportunity was opened up. Via his collaboration with MerCruiser and Lotus Engineering, all with Chevy’s blessing, the "Black Widow" program created special street and race versions of the LT5 engine. This engine made 525hp.
Did you know that the earliest ZR1 Corvettes came into existence long before any of these later iterations?  If not, then take a few minutes to acquaint yourself with one the rarest small-block production Corvettes of all time - the 1970-1972 Corvette ZR1. From 1970 to 1972, Chevrolet offered the ZR1 Special Engine Package, which featured a small-block LT1 engine.
One special-edition Corvette was introduced in 2007 was based on the Corvette Pace Car that was used at the 91st running of the Indianapolis 500 driven by actor/racer Patrick Dempsey.  The significance of this car was the fact that GM had not produced a pace car replica since the 1998 model year, even though the Corvette had paced the prestigious event a bunch of times since then.