I think that was built in this area late '90s or early turn of the century. The local news paper ran an article on it or one very much like it. Yep that's the one.
Nice looking! I wonder how they did it because MGBs are unit bodied cars are they not? (Speaking of MGB's, here's one I saw last weekend at RocknRods.)
From my limited understanding theres half a frame on the front end, http://www.mgexperience.net/phorum/read.php?40,1615408 But I see no reason why you cant chop it all flat and rebuild it from the floor up.