BILLIONAIRE Mark Cuban made a large purchase in Texas.
Not only is Cuban the owner of the Dallas Mavericks, he owns a part of Texas as well.
Did Mark Cuban buy an entire town?
On Friday, December 2 news outlets revealed that entrepreneur Mark Cuban bought an entire town located in Texas.
“”I don’t know what if anything I will do with it,” Cuban disclosed to the Dallas Morning News.
The Texas town is one of many of Cuban’s endeavors over the years.
In addition to being the owner of the Dallas Mavericks, Cuban also owns his own media company, 2929 Entertainment, and appears regularly on ABC’s Shark Tank.
What town did Mark Cuban purchase?
Mustang, Texas is just 45 minutes north of Dallas.
Mustang is a small town with an equally small population of only 21 people.
Despite being sparsely populated, the Navarro County town sits on a massive 77 acres.
There’s a couple of attractions that include Angelita’s Vineyard and Winery, as well as the strip club Wispers Cabaret, that’s been renamed Mark’s Cubaret as of Friday, December 3.
How much did Mark Cuban pay for the town?
Mustang, Texas was previously listed in 2017 by Dallas real estate agency J. Elmer Turner for $4 million.
Mark Cuban closed on the town of Mustang for $2 million on December 2.
In an email to NBC, Mark Cuban disclosed that he didn’t have any immediate plans for Mustang.
“Did it to help out a friend. No plans yet!” Cuban said on Friday, December 3.
However, Mike Turner, president of the real estate firm that sold Mustang, stated his opinion on Cuban’s purchase of the Texas town.
“Mark Cuban stepped up and it was a natural for him to buy it,” Turner told NBC.
“With his resources and imagination, I’m sure there are endless possibilities,” he revealed.
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