Bankrupt Santa Anita Park race track will not go on the auction block Tuesday as planned because no acceptable opening bid has been offered. The sale of the track has been postponed. The track has court-sanctioned access to operating funds at least until the first quarter of next year.
Since Magna Entertainment Corp., the owner of Santa Anita Park, has filed for Chapter 11 bankruptcy. The race track will be auctioned off in September. That land is zoned for horse racing. Jason Kruckeberg, Arcadia's Development Services Director, said it will remain as a race track.