The redevelopment has been in the pipeline for a decade with the existing building falling well below minimum standards.

But the project, including changerooms, storage areas, medical rooms and toilets, has been stalled due to ongoing funding issues.

As part of its 2017-18 draft budget, Albury Council has agreed to cover a $140,000 shortfall to get the redevelopment off the ground.

The council had originally allocated $700,000 with $200,000 being dependent on securing grant funding.

But only $60,000 of external funds have been obtained with two failed attempts to secure cash through the NSW ClubGrants program.

Further attempts by the netball association to obtain philanthropic support have also bombed.

The association is contributing $400,000 and agreed to take out a $100,000 interest free loan.

Mayor Kevin Mack said it was crucial the project was started.

"In order to get the project going we've given them surety someone will pay for it," he said.

"It's something we want to see happen.

"The club which has displayed loyalty to the community and loyalty to the council deserves a break."

JC King Park was built in the 1960s on land previously used for a garbage dump which has led to the existing problems.

More than a decade ago the courts were resurfaced after pools of water regularly sat on them.

Albury Netball Association president Linda Barclay said: "We are thrilled with what has been proposed.

"The present building is in an accelerated state of decline."

The council has allocated $336,981, including a $100,000 interest free loan, in 2017-18.

The first step will be preparing detailed designs for the building.

Due the site being a former tip the engineering works including geotechnical investigations could impact the final cost.

The association and council have a "verbal agreement" to share the costs of any project cost blowout from the existing $1.2 million estimate.