Mark Cuban Buys a Texas Town – Would You Buy San Angelo?
You can buy a business. You can buy property. You can buy a house. What you may or may not know is you can buy a whole town in the state of Texas.
Dallas Mavericks owner and 'Shark Tank' TV star Mark Cuban recently bought the entire Texas town of Mustang. According to the Dallas Morning News:
All 77 acres of the tiny roadside hamlet sold last month to a company controlled by Cuban, county deed records show.
Located about 55 miles south of Dallas, Mustang was for years home to only a strip club and a trailer park. A nasty killing in the nightclub back in 2008 made headlines around the state.
More recently it’s just been a blink-and-you-miss-it spot on the Interstate.
The latest census records say Mustang has a population of 23 people.
Founded in the early 1970s, Mustang was the local watering hole when most of Navarro County prohibited liquor sales.
In 2017, the town was offered for sale with a price tag of $4 million. But the property never sold.
In the story, Cuban tells the DMN that he purchased the town because he knew the person who "needed to sell" it. He also told the newspaper he is unsure of what he will do with his new investment.
So there you have it. You can buy a town in Texas. What if our town of San Angelo came up for sale? Would you purchase it? Do you think that would be a wise investment What do you think would be a fair price for San Angelo and what would you do with your investment?