Sup Tron. It's really cool that you're putting this together. That's awesome. I really hope it turns out well.
I will unfortunately be out of town, so I personally can't make it, but I'm still really curious: why the venue fee? I can understand a few dollars if you're going to be providing everyone with food and refreshments, but if that's the case, you should make that clear. Otherwise, it looks like you're just trying to make money off of the players.
Another thing is that you should probably check for lag on your 72" TV (or at least, make sure to take measures to eliminate lag for when you run the finals).
One last piece of advice is to not bite off more than you can chew. You don't know how many people are going to show up with TVs and setups, yet you're planning to run three whole tournaments - the last of which won't start until the first two end. Personally, I think you're spreading your efforts too broadly.
Also, lay off the green in your post, man. It's freaking impossible to read.
Just my thoughts! I hope it's a success!