If it is a wedge grind there will be a lot of steel to be removed before setting the bevel.
This is highly possible from your description, however, without pictures it is difficult to tell.
If I was closer I'd suggest mailing to me and I'd try to get it right for you, at no charge of course - just for my own experience.
It would be more difficult if it has a smile too.
Perhaps invest the $20 and pay one of the members here a few bucks to see if they can get it right for you - not much to loose if they can't.
From what I understand they'll give you an idea how much it would cost from some good, clear photos of the damage.
I agree that it is a shame to see a good blade damaged.
Geoff