In the latest twist of what has become a gut-wrenching saga for the Arizona horse racing industry, Turf Paradise, a famous track in Phoenix, announced it will not open for its usual slate of November races.

“Turf Paradise Race Course announced today that the Phoenix track will not open for its live race meet in early November,” the track’s management recently posted on its website.

The news comes as the property is being sold to CT Realty, a real estate investment and development company based in Newport Beach, California.

Turf Paradise opened in 1956 and has been a stalwart in the Phoenix horse racing scene for decades.