Hawke's Bay Racing general manager Andrew Castles said the signs were erected "just to say we are on the path of earthquake assessment and to keep people updated and where we are at".
An initial seismic assessment was completed, indicating many buildings were below code and the next step was a detailed assessment.
"We are in dialogue with some structural engineers about progressing to the next stage of the assessment," Mr Castles said.
The discussions for the "very expensive" detailed assessment centred on whether the buildings would be assessed progressively or all at once.
Hawke's Bay Today recently received comments from several readers concerned people were being put at undue risk.
"To be honest I'm not worried about any of the buildings," Mr Castles said.
Past chairman and current board member Mick Ormond said the initial report estimated all buildings were below the 33 per cent threshold of the New Building Standard.
The detailed assessment would cost "hundreds of thousands of dollars on building like ours" and Hawke's Bay Racing had plenty of time to remedy the situation within the legislated time period.
The sign was erected "because we felt it was the responsible thing to do" and similar signs were routinely seen on Wellington buildings in use.
"It doesn't mean to say they are unsafe, it means they are not up to 34 per cent of the New Building Standard - it is just a protection for everybody," he said.
He said the closure of many buildings, until remediation was carried out, was a knee-jerk reaction unnecessary for buildings used sporadically.
"We put notices on all the buildings, people read them and after a while realise that's just life and they get on with it - we accept some risk."
