What about a mountain bike-to All Rounder conversion? There were many mixte mountain bikes made in the 90's that are out there-- I have seen a few pop up on ebay and they are typically in the $150-$200 range (and this is new). Add tires, bars, fenders, and you have a great bike for about $300. I did just this with a 1996 Trek 930 and couldnt be happier. Let us know what you decide to do.
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