You're looking at a Winchester Model 88 with a Bushnell Banner 3-9x40 scope.
It is my wife's grandfathers rifle. It has been stored in the closet for no less than 10 years, a likely quite a bit longer than that.
My first question is about how to return it to good working order. I've handles my fair share of guns before, but have never considered owning one. That may be possible with this and need to know what I'm getting myself into.
My second question is after all of that if it would be a worthwhile range gun and/or possible deer rifle.
//edit: It's a .308