Axios Phoenix

Turf Paradise in Phoenix is reportedly in the due-diligence phase of negotiations to be sold for development. Racing is expected to continue only as a placeholder for several more seasons while new uses for the 67-year-old venue go through the planning, approval and construction stages. The incoming owner of Arizona's primary commercial Thoroughbred track is expected to transition the property in pieces to "industrial and multi-family uses," according to the online media outlet Axios Phoenix, which first broke the story Apr. 12. Leroy Gessmann, the executive director of the Arizona...