Originally Posted by
WalksOn2Wheels
Ok,
here is the bike I am going to go look at because I am an idiot. Negotiated a swap for a pair of Oakley Radars I never wear anymore.

I've got pretty much all the parts I need to build a drop bar version with bar-end shifters and fenders. The only thing I would need to get is cables and tires. I would eventually have to build up a front wheel with the dyno hub I have and set up the dyno lights I already have, so budget for a rim and spokes. I think I could comfortably make this happen for under 100 bucks. This bike is a challenge to see how little I can spend on a bike and still like it. I haven't seen it in person, but initial plans would be to strip the paint and clear the bare frame. But if the paint is in really good condition, it might be hard to erase the late 80's/early 90's awesomeness.
...we probably moved 80 or a hundred of those through the co-op here as commuters over the last five years. It will cost you more than you think, because you will want to make it turn out nicer after you start on the project than you think you will now. The paint on these is pretty good. Save yourself some time and money and leave it alone. Just use some polishing compound and some wax on it once the bike is stripped down.