According to reports, CT Realty, with its offices in Newport Beach, California, is nearing the end of the process of buying Turf Paradise from Jerry Simms. There are only three horse racing in Arizona, and this one has been running for more than 50 years.
Turf Paradise’s prospect is still unknown.
While there are several dozen off-track betting parlors across Arizona, there are no betting apps, as online horse betting is illegal in the state.
CT Realty builds commercial real estate properties all over the US, according to its site. According to AXIOS Phoenix, CT Realty plans to redevelop some of the property for business, multi-family, and & ldquo uses while keeping the trail opened for racing in the coming years.
Turf Paradise has been Simms’ property since 2000. At Bell Road and 19th Avenue, the track debuted in 1956. One of the few US tracks that hosts horse racing from October to February is It & rsquo. Turf Paradise did not, however, ask the Arizona Department of Gaming ( ADG ) for summer race dates. As a result, until the fall, sporting won’t likely begin at the track.
James Watson, Director of CT Realty, has not stated whether the monitor may be discontinued in the future. Due to the COVID – 19 pandemic, Turf Paradise was shut down for almost two whole racing seasons. Since re-opening, they have reduced the track & rsquo, s racing schedule.
Simms wants to spend time with his grandchild, according to Track General Manager Vincent Francia, who told ABC15. & rdquo,
Watson & rsquo,s ] background is in industrial development, which is what he has excelled in, but who has also participated in horse racing in the past. He belonged to the California Horse Racing Board. At one level, he was the owner of Portland Meadows in Oregon. & rdquo,
The outcome of Arizona Downs appears more specific.
Arizona Downs is apparently being sold under a deal as well. 1ST( Stronach Group ) is the buyer. It & rsquo, there is a good chance that the new owners will continue to use the location as equestrian arena. Golden Gate Fields( Berkeley, CA ), Gulfstream Park( Hallandale Beach, FL ), Laurel Park, MD, Pimlico Race Course, Maryland, and Santa Anita Park are all owned and operated by 1 / ST Racing.
The fact that no record in Arizona has requested a June to September race license this yr, according to the ADG, is unfavorable.
Leroy Gessmann, the executive director of the Arizona Horsemen & rsquo Benevolent and Protective Association, shared information about the sale of Turf Paradise in an interview with Thoroughbred Daily News.
According to what we understand, Turf Paradise will become developed gradually, and they will compete for one to two. Possibly three more years, based on the course of development. I believe they are correct at 200 land with both parcels of land. There is a lot of vacant space here, There & rsquo. They & rsquo, I suppose, will begin with the empty ground and then move on to the racing operation. For a few years until we can make other arrangements, we hope Mr. Watson may keep racing. & rdquo,