I don't think you would want your tools and stuff exposed to lots of humidity. Rust and condensation would be a real problem and wood would probably swell badly.
The idea of using a sump pump, with your floor improvements might help some. But I think you would need to run a dehumidifier that drains to the outside to make the space useful.
The other thing I would worry about is flooding. My Uncle in Georgia had a house with a full basement that had moisture problems. He ran a couple of dehumidifiers and a sump pump all the time and it seemed to work OK. He stored a lot of stuff in that basement, including all his guns and his knife collection, book collection and who knows what else he had accumulated. But then my Uncle had a stroke and died. A few months later, they had a terrible storm, which had a lot of precipitation and which caused the power to be out for several days. Of course the sump pump and dehumidifiers quit working because there was no electricity. My Aunt went to stay with relatives for a few days, and when she came home, there was about 4" of water in the mostly finished basement. Everything down there was really damp, if not saturated. The guns were saved by carefully cleaning them right away, and most of the knives were not damaged very much. But all the presentation boxes were ruined, as were most of the books and other collectible items my Uncle had accumulated over 80 years. They filled a huge dumpster with things that had been in the basement and had to pay to have it hauled away. It was estimated that my Uncle's estate lost at least $100K of value from the water damage to the basement and contents. The upstairs had a little humidity damage, but I don't think they did much more than a little repainting and cleaning carpets. I don't know what might have happened if my Uncle had not died. Maybe he could have arranged for emergency power for the sump pump, or maybe he could have moved out some of the valuable items. But my Aunt, in her grief and lack of understanding of how things worked, did nothing. What a mess!
Anyhow, I would never store anything that mattered to me in a space that had water problems. Good luck!
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Today's Featured Article - Upgrading an Oliver Super 55 Electrical System - by Dennis Hawkins. My old Oliver Super 55 has been just sitting and rusting for several years now. I really hate to see a good tractor being treated that way, but not being able to start it without a 30 minute point filing ritual every time contributed to its demise. If it would just start when I turn the key, then I would use it more often. In addition to a bad case of old age, most of the tractor's original electrical system was simply too unreliable to keep. The main focus of this page is to show how I upgr
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