Well, after 3 years, it is completed. I built it in the worst part of the basement that had a dirt wall and water problems. It was quite a challenge to block up the wall, but the guy I hire for stuff like that is very good. I pulled the insulation out of the ceiling and replaced with acoustic tile. Insulation isn't needed if the basement is heated. I ran all new wiring and have GFI outlets every few feet on two walls. A new 4 bulb overhead fixture gives plenty of light. The ceiling fan was there, so I worked around it. I put 3 coats of light yellow paint on the cement and block walls. I left the new wooden wall natural.
I built a bench to hold all my small power tools. Unfortunately, the 8X11 room can't accommodate my lathe, so I had to leave that on the other side of the basement. The building bench is a great value from Harbor Freight. It was on sale and I had a coupon for 20% off. I picked it up at the store for about $120. You can't build it for that.
I have already stocked it with all my kits, engines and modeling stuff. Now, I have no excuses.