Scott lives in a retirement community and they are creating a community TV station. He has a huge budget to buy equipment. Leo says that he doesn't have to spend tens of thousands of dollars on equipment anymore. Leo uses consumer grade Canon VIXIA camcorders that cost $300, and tripods should only cost a few hundred.
Leo says that if someone is pushing them to send $50,000 to buy equipment, its because they've seen them coming a mile away. Leo suggests showing them TWiT.tv. They can check out the Wiki for TWiT for what Leo uses. Using consumer grade cameras also means he doesn't need an operator, because he can have more cameras to handle different angles. That'll save him a lot as well.