Why did kim basinger buys a town

Basinger, who has starred in '9 Weeks,' 'The Natural' and 'My Stepmother is an Alien,' did not attend Monday's closing, but sent a letter stating her intentions, Braselton said. Basinger's publicist, Annett Wolf, confirmed the purchase, but said she had to confer with attorneys before discussing terms of the deal. The deal was negotiated by Charles Morris, who owns a real estate business in Braselton, and Basinger's brother-in-law, Gary Guyer, a stockbroker. She might put a production studio here.

Braselton, with residents, is only a few steps from Interstate 85, which transformed it from a town in the middle of nowhere to one with two exits. The town has been on the selling block since , but nobody was willing to plunk down the cash.

Some potential purchasers discussed year mortgages, but the Braseltons wanted a quick sale. At the heart of the town, the Braselton Bros. Some stars buy islands, but almost none ever even consider buying a town. So, what in the world happened with Kim Basinger dropping millions of dollars to buy a town? In , Kim Basinger was one of the brightest stars in the world, and the actress was looking for ways to increase her wealth.

In what remains one of the strangest purchases in history, Kim would use millions in cash to purchase Braselton, Georgia. Resting north of Atlanta in the South, Braselton is a town the virtually no one has heard of. At the time of purchase , there were only about people living there. Basinger, a Georgia native spent months in negotiations with the town.

About people live in the town. Now, it is interesting to see such a massive star take interest in such a small place. A town with people in rural Georgia is not going to generate much interest from any person, and people were left completely speechless when Kim was talking about buying the town.

Once the finer details of the sale were announced, Kim Basinger had some big things in mind for Brasleton.

This, however, is where things would get interesting. The itty bitty town of Braselton, Georgia was making national headlines for perhaps the first time ever when Kim Basinger was trying to make a splash purchase. Just a few short years after she bought Braselton, Basinger filed for bankruptcy. The story behind her money troubles has become the stuff of Hollywood legend.

Basinger apparently made a verbal commitment to the producer of Boxing Helena, Carl Mazzocone, to star in his picture. Basinger eventually pulled out of the project, but only after money had been spent by the studio. From the archives…Kim playing football on her first movie hardcountry : janmichaelvincent :. During what was undoubtedly the most financially unstable time in her life, Basinger met and married actor Alec Baldwin.

The two first met in They actually married in , the same year she went bankrupt. Their only daughter, Ireland Basinger-Baldwin , was born three years into what would end up being an eight-year marriage.