Got my new Horrible Freight drill press today...

Just get another 5-7hp 3 phase motor and make a RPC, rotary phase converter. They can either be easy and crude or a little harder and more sophisticated. Great option if you can get the motor cheap. I have two, and while I was waiting on parts to make them auto-start, I just used a rope on the shaft to start them. Ping me if you are interested. Lots of DIY designs out there. Reason I suggest RPC is that 220V single-phase input VFDs that can handle 5hp are generally not inexpensive.
$80.00 to $120.00 for a VFD that handles the HP.

Simple and cheap. Got a local guy who sells static phase convertors,too but they are more money.

I'm too dumb to build a rotary...I'd burn down my shop.