NKP779 posted:The well meaning fellow at the Cab Forward is a bit low. If it is a locomotive that hasn't run in fifty years or more, expect more like $2M, and that assumes some volunteer labor.
I like that as you're on the right "track"! I've found over the years restoring various pieces of heavy equipment and a few airplanes that the initial $$$ estimates quickly escalate to where I always figured triple it then add half...or in this case say $3.5 million to restore it.