I have decided after many sleepless nights to have the steering wheel recast at a cost of $900. It will look as new. The collar where the shaft/sleeve was really bad and would take alot of effort and skill to drill, fill and clamp/compress this area in order to get a perfect circular finish. It may have worked, but then again, it may crack during a hard turn or spirited driving and I dont want to risk property damage.

If anyone knows of someone who can proply fix this or recast this wheel for less than $900, PLEASE let me know!