Turf Paradise in Phoenix Gets a Makeover with New Ownership

Phoenix’s Turf Paradise horse track is being sold to a California real estate developer, with plans for the property to get a new look. The racetrack has been running since 1956 on over 200 acres in what used to be the edge of town, but now it is located in midtown Phoenix and has struggled financially and operationally over the past five years.
James Watson, managing partner of buyer CT Realty , states that this sale includes 213 acres; half of which are used for racing operations while the other half will be developed if this deal goes through. Furthermore, representatives from his company are lobbying state legislature for new betting options that could increase profits at Turf Paradise Racetrack.