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Low cost telecine equipment?

     I subscribed to the newsgroup only yesterday. Just getting to know 
 what equipment is required for a telecine room. I know typical room has 
 Cintel's URSA Gold, Davinch color corrector, Noise reducers and VTRs.  
 I want to assemble equipment for a low budget telecine room to convert 
 family movies (16/35mm) into MPEG 1/ 2 disks.  What kind of money I should 
 be looking at for new equipment or otherwise? 

 Could someone help me out with some pointers.