WOW!!! THAT is pretty cool! Somebody is going to get a neat deal! Private air parks would be a great fit for this. Just the PAPIs are worth the cost.
Dry Creek did something similar, what with installing a 60-foor beacon, pilot controlled lighting, PAPIs on both ends and lighted runway signage. They also have a proprietary instrument approach (RNAV).
This stuff would be great for a private airpark.