Not only is it cheaper to build a "fixie" with the right parts at the right price, it is a great learning experience, one that is very important in making a bike yours and yours alone.
We switched out the bottom bracket for something a little more modern and serviceable, added some cranks and an appropriately sized chain-ring, and threw on some straight handlebars. Matching blue tires and chain was a nice touch! Now he just needs to finish stripping the old yellow paint and pick out a new color. Talk about custom!
Here are some before and after pics of the build in progress:






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