Report: Mark Cuban Now Owns a Texas Town

The billionaire just bought Mustang, Texas

Mark Cuban
Dallas Mavericks basketball team owner Mark Cuban seen smiling at a press conference.
Luka Dakskobler/SOPA Images/LightRocket via Getty Images

You can do some interesting things with your money when you’re a billionaire. For some celebrities, investors and CEOs, that might translate into purchasing a nine-figure luxury apartment or a yacht so massive it comes with its own yacht. For Mark Cuban, the billionaire owner of the Dallas Mavericks, having a substantial amount of money on hand allowed him to do something few others have done — buy an entire town.

The Dallas Morning News reports that Cuban purchased the town of Mustang, Texas, which is 77 acres in size and is situated an hour’s drive south of Dallas. As for why he did it, reports are less clear — Insider‘s report on the purchase suggested that he did so as a favor to a friend, who needed to sell the town.

What’s Cuban getting for his money? A small town with a building that houses the fire department, a strip club that needs repairs and a pond in which an alligator lives. Think “Southern Gothic Schitt’s Creek,” perhaps.

As for what Cuban plans to do with the town, that remains to be seen. And that’s not simply speculation — Cuban himself seems unsure of what to do with it. “I don’t know what if anything I will do with it,” he told the Dallas Morning News via email.

The idea of celebrities owning towns has a strange history, and includes Kim Basinger investing in a Georgia town in the 1990s, a project that didn’t work out as planned. A 2019 article at CNN offered an in-depth look at what it’s like to own a small town and the challenges that come along with it. What might Cuban do next? We’re all waiting to see — especially those with close ties to the town of Mustang.

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