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“Dallas Mavericks owner Mark Cuban purchased an entire, tiny — and virtually empty — Texas town. An abandoned strip club and vacant mobile home park are about all that’s still standing in the 76.8-acre community of Mustang, which is about 65 miles south of American Airlines Center, home of Cuban’s NBA franchise.” So said NBC News on 12.3.2021. KXAN said: “It’s estimated the town [of Mustang, TX] has about two dozen residents, and the only businesses there are a mobile home park and a strip club.” Well, perhaps not quite. NBC disputes that by saying that “it’s been several years since the last two businesses operated, W[h]ispers Cabaret strip club and Lion’s Den adult bookstore.” If NBC’s report is correct, the manufactured home community and town have no residents. “Did it to help out a friend. No plans yet!” Cuban said in an email to NBC News on Friday. Cuban is one of the longtime co-hosts of CNBC’s “Shark Tank.”
Mark Cuban, the owner of the Dallas Mavericks, bought the entire town of Mustang, Texas, last month, The Dallas Morning News reported Thursday. https://t.co/jZnbDKtN8P
— Newsmax (@newsmax) December 4, 2021
Twitter, of course, ‘blew up’ with comments. Others via social media platforms have weighed in too. Among the snarks? “Nastiest strip club and meth trailer park I have ever seen” said someone who said they lived nearby. But the two so-called “adult businesses” are reportedly history. There are conflicting claims on the population.
Billionaire Mark Cuban has bought the entire town of Mustang, Texas — a blip on the map off I-45, with a population of 21 people. https://t.co/IFSclt1LRY
— WSVN 7 News (@wsvn) December 4, 2021
“An abandoned strip club and vacant mobile home park are about all that’s still standing in the 76.8-acre community of Mustang,” said part of Yahoo News’ report. The town reportedly has no zoning. That means that Cuban could do pretty much all that state and federal laws allow with the spot.
US billionaire Mark Cuban buys small town named Mustang in Texas pic.twitter.com/cZpphpvrC9
— everyexplore (@everyexplore0) December 4, 2021
NBC reported that “The community [of Mustang] had been on the market for about four years as principal owner Marty Price fell ill and wanted to sell, according to Mike Turner, president of Dallas real estate firm J. Elmer Turner.” Sources have said the deal was for some $2 million dollars, about half of what Turn originally wanted when the property was marketed for $4 million bucks. Price was an attorney who passed away in late August. He was reportedly a devoted basketball fan with Mavericks floor seats.
Cuban Buys Mustang
Oh that’s just great. I find the perfect place to retire and now some Capitalist is going to ruin it! 😉
“The town had 23 people at the last census, and is basically home to just a trailer park and a strip club”https://t.co/ViikM3r6mb
— Tony (@TonyReal2020) December 4, 2021
Video above has ariel footage of Mustang.
“Mark Cuban stepped up and it was a natural for him to buy it,” Turner told NBC News. “With his resources and imagination, I’m sure there are endless possibilities.” Turner explained that the location has it its own exit off Interstate 45, is an hour’s drive from Dallas and about three hours from Houston.
Lance Inderman, a Texas-based businessman who has several manufactured home interests, told MHLivingNews that the location would probably be a good location for a truck stop, among other possibilities.
Whatever he does with Mustang and that older “mobile home” community, Cuban has demonstrated once more the insight from award-winning manufactured home retailer, Alan Amy.
Amy told Inside MH that millionaires and billionaires are attracted to manufactured housing because it is ‘the future’ of housing.
Given the number of financial elites, who for good or ill have invested into older mobile home parks, newer manufactured home communities, manufactured housing production, retail, finance, and more it may be interesting to watch to see what Cuban does with this property. One thing is certain. Cuban has company. From Elvis Presley, to Stevie Nicks, Kid Rock or others, there are plenty of stars and the wealthy who have been involved in manufactured homes. ##
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Postscript. From the lighter to the dark side of mobile and manufactured home living, there are no better sources than MHLivingNews and our MHProNews sister site. We lay out the facts and insights that others are too agenda-driven, lazy, or otherwise uninformed to do. That’s what makes our sister site and this location the runaway leaders for authentic information about affordable housing in general, the politics behind the problems, and manufactured homes specifically.
That’s a wrap on this installment of “News through the lens of manufactured homes and factory-built housing” © where “We Provide, You Decide.” © ## (Affordable housing, manufactured homes, reports, fact-checks, analysis, and commentary. Third-party images or content are provided under fair use guidelines for media.) (See Related Reports, further below. Text/image boxes often are hot-linked to other reports that can be access by clicking on them.)
By L.A. “Tony” Kovach – for MHLivingNews.com.
Tony earned a journalism scholarship and earned numerous awards in history and in manufactured housing. For example, he earned the prestigious Lottinville Award in history from the University of Oklahoma, where he studied history and business management. He’s a managing member and co-founder of LifeStyle Factory Homes, LLC, the parent company to MHProNews, and MHLivingNews.com. This article reflects the LLC’s and/or the writer’s position, and may or may not reflect the views of sponsors or supporters.
Connect on LinkedIn: http://www.linkedin.com/in/latonykovach
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