A security guard has been left with a suspected broken foot after a driver allegedly ploughed a ute into a barrier near the Gold Coast 500 track at Surfers Paradise.

The 31-year-old driver allegedly drove the wrong way down a one-way street before attempting to get through a security barrier at the intersection of the Esplanade and Staghorn Avenue about 9pm on Friday.

Police allege the driver deliberately drove into the metal barrier, causing it to fall and injure a 40-year-old security guard from Labrador.

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The incident unfolded as the Gold Coast 500 got underway, with the event expected to draw about 200,000 people to the area.

Security personnel had reportedly asked the driver for identification before the situation escalated.

Security personnel had reportedly asked the driver for identification before the situation escalated. Credit: Instragram - Vanissa Livara/7NEWS

Members of the public attempted to perform a citizen’s arrest after the driver allegedly tried to flee the scene, but were unsuccessful.

Police later tracked down the Surfers Paradise man nearby with the help of the dog squad.

He sustained a dog bite during his arrest and was taken to Gold Coast University Hospital for treatment.

The injured security guard was also taken to hospital with minor injuries, including the suspected broken foot.

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Police are continuing to investigate the circumstances surrounding the incident.