I was just about to complain that in the Jax area, we hardly ever get any good bikes anymore, then this popped up this morning.
My varsity I had out in California, the orange one that was stolen, had fat tires on it, I think they were 1.75 but they may have been 2.0. I had a three speed hub laced to the "newfangled" Z-rims, composite rims that looked pretty good. Later I had it relaced to a five speed hub. With upright handlebars it rode great. I rode it regularly up and down the strand route from North Island to IB (Imperial Beach) and back to my ship. I had forgotten how heavy these old varsitys are.
Since this yellow varsity has the wrong spoke protector, it isn't mint, so I might put my yellow band 2 speed wheel with 2 inch tire and front wheel to match, along with upright bars. Then I have a crankset from a 64 Starlet that would work good with the 2 speed. It might look as good as some of the varsitys I've seen converted here. I've seen purple, orange and green ones, and a blue one I think. I'll have a yellow one to add to the fray.