An inspection carried out by Southern Districts Racing Association chief steward John Davidson on Tuesday revealed the track was unsuitable for racing despite a run of good weather since the late July deluge.

The meeting planned for Friday has been transferred to Corowa.

The $1.2 million track upgrade, which will put Albury out of action until early next year, is expected to start in the next fortnight.

Mr Davidson said four sections of the track including the 2000 metres and 1600 metres remained saturated.

"The worst area on the track is near the 2000 metres," he said.

"We could have shortened the 2000 metre race to a mile, but the 1600 metre chute was also extremely wet.

"All the horses in a race begin to pull up in the 2000 metre area and would be going from a reasonably good surface to a bog.

"It wouldn't be safe. Simple as that."

The prospect of more rain on Friday also was a factor in the decision to transfer the meeting.

Albury has had three meetings lost this winter with Corowa being the beneficiary twice and Wagga once.

Racing NSW programmed an additional meeting for the SDRA which was also held at Corowa.

Albury Racing Club chief executive John Miller had concerns the meeting wouldn't go ahead last Friday.

"We don't like losing meeting, but it is just part of the season we've had," he said.

Racing NSW has a scheme in place where clubs which lose meetings can recoup expenses incurred in a washout.

Mr Miller said he was waiting on confirmation from Racing NSW when work would start on the track.

"The best case scenario is all the works would be done by December," he said.

"It would allow all of January, possibly most of February, to allow the new grass to consolidate.

"We would then hold some trials and hopefully having a race meeting in late February or early March prior to Gold Cup in late March."

The track upgrade will include major civil works on the back straight followed by irrigation and drainage improvements to the entire track.

Racing NSW also hasn't announced the successful applicants for the independent board positions on the ARC committee to date.