Dec 4, 2021

TribLIVE's Daily and Weekly email newsletters deliver the news you want and information you need, right to your inbox. Mark Cuban owns the Dallas Mavericks, a successful entertainment firm and a string of start-up companies — including a new drug company he hopes will lower prescription costs. And now the Dallas billionaire also owns an entire Texas town. Cuban, a native of Mt. Lebanon, just purchased the Navarro County town of Mustang, located on Interstate 45 near Corsicana. 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. “I had a fair amount of interest in it, but it was priced too high — even when we bought it down to $2 million,” said Dallas real estate broker Mike Turner, who tried to peddle the one-of-a-kind property. “The old strip club is not in good repair, but it could be redone for something. “There is a resident alligator in one of the ponds.” Turner said the Mustang Volunteer Fire Department also has a building on the property. “It’s a natural for Mark with the Mavericks to have Mustang,” he said. Cuban said he bought the town because a good friend needed to sell. “I don’t know what if anything I will do with it,” Cuban said in an email. If nothing else, the strip on busy I-45 ought to do nicely for a Dallas Mavericks billboard. Support Local Journalism and help us continue covering the stories that matter to you and your community.