Sounds like a plan to me especially if it hasn't been used in 10 years. Check into these areas first - 1) are the metal plates holding the truss rafters together still good? 2) how does the lumber the trusses are constructed out of look as well as the sheeting? 3) can the pit walls resist the pressure from the outside soil without all of the supports for the slats (might not be designed to be free standing)? I think if everything looks ok I would do it. My son has done some similar work on hog buildings but they were making the pits deeper. They dug the dirt away from an area of the pit and cut an opening. Drove a skid loader in and loaded out all of the sediment and lifted/dropped the slats as they went. Everything was moved with the skid loader out through the cut in the pit wall. After they had the sludge and the slats out they jack hammered the pit floor and dug into the dirt another four feet to make the pit deeper. Poured walls inside the walls and a new pit floor before new slats were added.
I had a 30 by 45 machine shed built into a hillside made for John Deere 730's and IH 560's. Door openings were only 9 feet tall. I pulled 2 feet of dirt out to make the openings 11 feet tall. Building had a concrete foundation. I did pour a wall inside the old wall as I had exposed the bottom of the wall. No foundation, just a 12 inch wall. Eventually I concreted the entire floor. Now I can get cab tractors in. Anything is possible. I think re-designing old buildings might carry some property tax advantages as well. You probably know there are businesses that can cut a nice clean cut into the concrete pit. I don't know what they cost - Areosaw comes to mind as concrete saw company. Good luck.
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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