MUSTANG, Texas (KXAN) — A tiny town about an hour southeast of Dallas now reportedly belongs to billionaire Mark Cuban.
The Dallas Morning News reported Thursday the owner of the Dallas Mavericks purchased the community of Mustang, Texas in Navarro County. It’s estimated the town has about two dozen residents, and the only businesses there are a mobile home park and a strip club.
FILE: A sign at an intersection announces that Mustang, Texas, is for sale Thursday, Aug. 24, 2017. For the second time in recent memory, this small Texas town with few residents is up for sale with an asking price of $4 million. (AP Photo/LM Otero) 
FILE: A sign at an intersection announces that Mustang, Texas, is for sale Thursday, Aug. 24, 2017. For the second time in recent memory, this small Texas town with few residents is up for sale with an asking price of $4 million. (AP Photo/LM Otero)
KXAN reached out Thursday afternoon to Cuban for comment about the reported purchase as well as his plans for the community. However, he did not respond immediately.
Cuban, though, told the Dallas newspaper that he bought the property to help a friend and said he does not know what he will do with it yet.
Reports online showed that Mustang went on sale in 2017 for $4 million, though it’s unknown what Cuban may have paid for the community.
