Actress Kim Basinger, a Georgia native, has bought virtually the entire town of Braselton for $20 million in cash, the mayor said.

Henry Braselton, grandson of the town's founder, said his family agreed to sell all of the commercial property and some private homes in this small north Georgia town about 40 miles northeast of Atlanta. About 500 people live in the town. Basinger had been negotiating to buy the 1,600 acres for about 18 months, Braselton said.She will not get homes not owned by the Braselton family or the property owned by the town government.

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The 34-year-old Basinger grew up in Athens but left at age 17 for New York City to become a model. From there, she went into acting, starring in such movies as "The Natural," and "91/2 Weeks." She also stars in the soon-to-be-released film "Batman."

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