What is Mark Cuban going to do with the town of Mustang TX he owns?


Marc Cuban

Associated Press file photo

What is Mark Cuban doing with the tiny ghost town he bought about an hour and a half drive from downtown Fort Worth?

Well, he doesn’t really know yet. The town is Mustang (insert Cuban and horse joke here, as he is also the owner of the Dallas Mavericks), in Navarro County.

He talked about it in March on “The Drew Barrymore Show” (an episode uploaded July 26) and floated the idea of ​​turning it into “Dinosaur, Texas.”

But, Star-Telegram’s news partner WFAA-TV reported Thursday, that won’t happen.

“I told Drew it was something we were looking into…but it’s not going to happen,” Cuban told the WFAA in an email. “This show was taped a long time ago.”

The idea was to turn the 79-acre, or about 0.1 square mile, town into a kind of themed town with animatronic dinosaurs. He previously invested in Dino Don, an entrepreneur who works to create life-size robotic dinosaurs, in an episode of “Shark Tank.”

Mustang is home to 0 people and two buildings, including an abandoned adult entertainment venue once known as Whispers Cabaret and now listed (by all appearances as a joke) on Google Maps as “Whispers Cabaret aka Mark Cubarets” .

Despite its size and lack of inhabitants, it is a real city, at least on paper. It is even listed as a possible destination on the Exit 225 sign on Intestate 45, heading south from Dallas or north from Richland.

The city was incorporated in 1973 as a sort of adults-only city. Navarro County was dry at the time, and the small near-rectangle between I-45 and Southeast County Road 1010/1020 was established as a place to sell liquor to people in the region.

Cuban bought Mustang to help out a friend’s family.

“One of my buddies that I played basketball with had cancer and was on the verge of death and his only real asset was this town, Mustang, Texas,” Cuban told Barrymore. “I was like, ‘Well, I can help Marty. I could buy this town. And so I bought this town. It was a cool concept, right? It is the only town in the entire state of Texas that is available for sale.

The city has not always been empty. According to the Texas State History Association, Mustang was the site of several liquor stores and this adult entertainment venue in the 1990s, with a population of 35. It was in 1987, when 12 people lived there.

Almost all signs of the community that once populated the ghost town are now gone. There are three short routes, Furrh Street, Regan Street and Circle Drive, which branch off from County Road 739. Regan Street and Furrh Street are non-exit, while Circle Drive (true to its name) loops on a very short distance on county road 739. .

It borders the relatively massive Angus, Texas (population 414 at the 2010 census) and has no city council, police, fire department, or other municipal services. Probably (and this should be obvious, but just in case it isn’t) because not a single soul has called Mustang home.

In his interview with Barrymore, Cuban said he hired a friend to be the town’s “mayor”. This friend’s homework? Collect garbage.

And that’s really the extent of the plans that Cuba has right now, at least that it shares.

“[We’re] just clean up [the town] right now,” Cuban told the WFAA. “No plans at this time.”

This story was originally published August 5, 2022 4:20 p.m.

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James Hartley is a breaking news reporter at the Fort Worth Star-Telegram. He’s a North Texas native who joined the Star-Telegram team during an internship in 2019 and just didn’t leave. He is passionate about true stories and likes sober films, good tea and scotch out of his budget.

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