Some answers about the Projector/Replay:
It will be a 7000 Lumen 3LCD projector that's being rented from an outside contractor. The screen measures 10.5' by 14' and will be mounted on a platform in Section 1. The projector itself will be mounted on a Genie lift behind section 1 (in the little HoF area). Brightness will be interesting, to say the least. From what I understand, the contractor recommended a 10k lumen projector but room couldn't be found in the budget.
The screen will be used during the panel on Friday and between periods on both nights to show highlights of the 1985 championships game. During the game, we'll be showing instant replays of the game action. The system is more-or-less separate from our broadcast. I expect the broadcast will only include "special" replays while the projector screen will show a lot more.
Some more video/audio news (if you couldn't tell, it's my specialty

) the Field House will be getting a new house audio system this summer. The NCAA mandated instant replay system will also be installed. There's also talk of a new 3-sided (or 4, they haven't decided) scoreboard that will be installed at center ice with video screens. The last document I saw did not include the new scoreboard though, so it may be another year away. I suspect that if we (RPI TV) do a good enough job on the replay this weekend they'll be able to justify the purchase of a scoreboard with video screens.
I agree with the sentiment that money is flowing in strange directions. I can't figure out how so much money went to the ECAV Stadium and Arena yet so little is going to be spent on the Field House...