Elf bmx bike. Worth fixing?

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oldmtrcyc

Wore out three sets of tires already!
I got this bike from a buddy, whose son raced it in the 1980's. My boy rode it around home, but outgrew it quickly. It has been in my garage since. Trying to decide if it is worth the time to fix it for the grandkids to ride when old enough, or hang on the wall? I know there are bmx collectors that could guide me... I'm out of my element for this new.
1451220
 
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