Good idea,
I have been also thinking that the cheapest way to achieve glassy water for speed run could be laying some sort of wave absorbing carpet on our bays or lakes instead of digging a permanent channel.
Well, designed sleeve 500 meters long should be enough to create decent speed run.
But I am afraid that plastic mesh about will do nothing to absorb wave energy.
I imagine that 500 meters long sleeve made of inflatable strong material partly filled with water 3/4 and 1/4 air should do the trick.
Imagine that we position plastic sleeve on shallow Lake George or Cootharebe, according to wind direction then fill with water and air.
Maybe even sort of barriers used for the oil spill, can be used?

an additional advantage of our plastic sleeve could be the ability to position, shape, and anchor exactly, optimally to the wind direction.
North or South, East or West - our sleeve could be repositioned relatively easy.
see the difference on each side of barrier.
But If I had to invent something on the budget I will get thousands of milk bottles, partly filled simply threaded on long lines.;
IMO should absorb the wave energy sufficiently and cost nothing.