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If you had the space...and money, would your family enjoy a basement bowling alley? A regulation lane with equipment requires approx. 88' in length. A nice seating area will need another 12' or so. The cost will vary depending on whether the equipment is new or used as well as the selections of decorative features and lighting. A per lane cost might be as low as $25K and can exceed $50K. A mini bowling lane can be half the length or less. In 1947 President Truman had the first bowling alley installed in the White House.