Philadelphia Park changed hands again in December of 1990 with Greenwood Racing, Inc. The show, 'Philadelphia Park Live' was shown over local cable stations in the area. During the ITB reign, many major improvements took place, including the construction of a turf course, the development of the Phonebet system, and the broadcast of a live television show which was created to help bettors enjoy the daily racing card. Parx Racing, formerly Philadelphia Park, was known as Keystone Racetrack from its opening day on Novemuntil International Thoroughbred Breeders (ITB) purchased the Bensalem oval on Dec. 28, 1984 for approximately $40 million and changed the name and look of the track.
