There is no way I would pay that much.
I had a small storage room that I decided to turn into a weight room instead. So I took all my tools out of it and painted it white then painted these 2 Arizona logos on 2 of the walls.
Logo 1
Logo 2
I copied those to clear transparencies then used an overhead projector to shoot them on the wall where I traced the borders. Then I painted the logos. The wall by the door is where people sign. So far it's just me and my friend Kojo. I am sad because he and his wife just moved to California for Grad School, so I need a new workout partner.
I installed some blue carpet and then a shelf in the corner for a CD player and a ceiling fan to keep the air moving. After that it was just moving in the equipment.
I have 400+ pounds of Olympic free weights. I have an Olympic curl bar and a long bar. I have an incline bench with leg attachment.
I have a piece of equipment that is for pull ups, pushups and dips. BTW I think dips are the best exercise ever for building muscle because so many groups are affected.
I have a Total Gym which I use only for abs really.
For cardio I swim or ride my bicycle. I can't do stationary bikes and watch TV or listen to music like some can. I have to see stuff. I wish I could still go running but my knees just won't take it. I used to play basketball 6 days a week. Again, knees couldn't take it any more.
The whole room, paint, carpet, weights and all cost me about 500 bucks. I found the equipment at yard sales and craigslist and it is not shabby stuff. Good equipment.