My wife HATES boats. I want a boat. We found one that even she likes, a 1947 34' Monk. The current owner has done a lot of wood/galley/tile work inside and my wife really wants a quiet office like this (she's mental health type). So I have a foot in the owning a boat door. It looks similar to: http://picasaweb.google.com/arrroger...48369301944418
It has no motor. Originally a 120hp diesel center mount. Juneau area harbors require that a boat be able to "sail under its own power safely in the inland waterways" in order to keep a slip.
I am getting wild guesstimates on what it would cost to put an engine in it ($6K-$30K) and no promises on these prices. It is wood and has a wood back so I am not sure about outboards. I am by nature "frugal" and as much as I would like it to work again I don't want to drop a fortune into a boat that will never be worth that much and my wife almost prefer that it not move. Even if I had it repaired it would rarely go far.
So any advice? Has anyone here restored something like this? Is there any cheap engine options? Should we just pass on this boat? I know sailboats and my wife isn't even close to looking at a sailboat.