I don't see your costs being anywhere near that but the key is the barrel if you're going to do it yourself. If not, perhaps a guided hunt is the right answer. Personally for me, the baiting and checking the barrel is my favorite part of hunting them. I'm not on facebook, but like I mentioned, maybe there is a bear hunters group in the UP and guy has a station that needs baiting this year. I'd look into that option as well. A well established bait will take all but a week tops to get hit. A brand new station could take weeks to a month, or never if you're not in the right spot.