Kevin Costner risked 10-acre oceanfront home to fund $100M 30-year film

3 months ago 31

Kevin Costner has admitted to mortgaging his 10-acre Santa Barbara, California location successful bid to money his $100 cardinal movie franchise that has been 30 years successful the making.

In an interrogation with Deadline, the 68-year-old “Yellowstone” prima said helium had planned to physique a caller household location connected the crippled of premier undeveloped coastline successful Carpinteria worthy an estimated $145 million.

“I’ve mortgaged 10 acres connected the h2o successful Santa Barbara wherever I was going to physique my past house,” helium told the outlet. “But I did it without a thought. It has thrown my accountant into a f–king conniption fit. But it’s my life, and I judge successful the thought and the story.”

This would align with rumors arsenic to wherefore his 18-year matrimony came to an extremity this year. A flurry of speculation was that his wife, Christine Baumgartner, had grown bushed of his obsessive committedness to his work.

Not lone was his narration destroyed for his enactment supposedly, but helium besides enactment 1 of his astir prized properties connected the enactment arsenic well.

Kevin Costner had plans to physique  a caller   location  for his household  connected  this 10 acre water  beforehand   crippled   of land.Kevin Costner had plans to physique a caller location for his household connected this 10-acre oceanfront crippled of land. BACKGRID
Costner mortgaged the location  to concern   "Horizon." Costner mortgaged the location to concern “Horizon.” BACKGRID

The determination to bash truthful was that the two-time Academy Award victor would beryllium capable to concern the improvement of his forthcoming Western movie franchise, “Horizon.”

Costner has been desperately trying to bring the four-part movie bid to beingness for much than 30 years, and is thought to person personally raised up to $50 cardinal of the film’s $100 cardinal budget.

But astatine what cost?

“I’ll archer you what. I’m ne'er gonna bash this again. I’m ne'er putting my f–king wealth successful different movie aft these four,” Costner said.

The histrion has a dense existent property portfolio successful summation to this parcel.

He has different Carpinteria home, which was a 17-acre parcel of land, implicit with a humble two-bedroom, two-bathroom ranch. Costner purchased the property successful 2006 for $28.5 cardinal aft jogging past 1 time and seeing a for merchantability sign, aboriginal adding different structures onto the land.

One of 2  Carpinteria properties of Kevin Costner's.One of Costner’s 2 Carpinteria properties.@CelebCandidly / MEGA

In 2007, helium sold 7 acres to a neighbor, but combined his homes to make 1 seamless estate. In 2017, helium concisely listed the compound for $60 million, but aboriginal took it disconnected the market.

The location became a root of contention, erstwhile it prevented him from accepting his Golden Globes triumph successful January as helium hunkered down determination portion storms ravaging California hammered the area.

His family’s superior residence was successful Ventura, California, 30 miles southbound of Santa Barbara. That’s successful summation to the 160-acre property that Costner owns successful Aspen, wherever helium joined Baumgartner, 49, successful 2004.

The ranch, known arsenic The Dunbar, has rooms which tin beryllium rented connected the spot for arsenic overmuch arsenic $36,000 per night, The Post previously reported.

Costner has a fig of different existent property investments, including apartments successful Los Angeles.

On May 1, his wife, a manner designer, filed for divorce citing “irreconcilable differences.”

A typical for Costner asked for privateness portion adding that “circumstances beyond his power person transpired which person resulted successful Mr. Costner having to enactment successful a dissolution of matrimony action” with Baumgartner.

The mates stock 3 children, 12, 14 and 15, and some person filed for associated custody.