[EliasGwinn]

Will you be focusing on any genre(s), or is your goal to be a general purpose recording studio?

Also, where will the studio be located (City, State)?

ps. At the risk of scuffing my shoes on a dead horse, I strongly recommend appropriating as much of your 'studio' budget as possible to the construction, including wiring the studio with star-quad balanced lines. The reason I stress this is because you can always add a mic, pre, compressor, etc, but renovating your studio is a messy affair, and will bring everything to a grinding halt. The studio is the single most important "piece of gear" you will be using, and upgrading it later may not be a viable option. IMHO...