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City of Mustang sold to Mark Cuban, residents are hopeful

Posted at 8:17 PM, Dec 06, 2021
and last updated 2021-12-06 23:38:37-05

MUSTANG, TX — Just an hour outside of Waco, the small town of Mustang is creating some buzz.

Mark Cuban, the owner of the Dallas Mavericks ad co-host of ABC's Shark Tank, bought the town for $2 million.

"This is mustang but no one calls it mustang I mean it's either Angus or Corsicana," said Sonny Yates, a long-time Mustang resident.

But with Mark Cuban's recent half-off purchase, he's hopeful that will all change.

"[I'm hoping] just for more development, and more places to do and more places to make money," said Yates.

The town sits at 77 acres.

"We don't have anything right now... nothing there," Yates said.

Just a few acres down from Yates, Beverly Spahn with Angelita Vineyard and Winery said the sale came with more than just a shock.

"I'm excited actually, really interested to see what he plans on doing with the town," Spahn said. "You literally have to drive through mustang to get to our winery."

Spahn said she hopes this sale will bring in traction the area, and give her business a much needed boost after handling the deep freeze and COVID shutdowns.

"I'm glad someone is doing something with it," said Spahn. "Those buildings have been sitting empty for a while and the town's not that big..."