When Jim and I were playing in a band together during our college years, we had the chance to take our band into a recording studio to record some cover songs for our club demo, as well as take a stab at a couple of original songs. We fell in love with the creative process. Neither of us could think of much else for a long time after that experience. We both decided that if we ever got the chance to somehow have our own recording studio we had to do it.
At the time (late 1970’s early 1980’s) there was no way put together a decent recording studio for less than a few hundred thousand dollars. 24 track reel-to-reel analog recorders were the state of the art – and cost in the neighborhood of $50k. A recording console was a necessity – and cheap ones were close to $100,000. Then you add the mics, cables, sound treatment, headphones, etc. It was a big buy-in.