Living Room/Theater

[GodSpeed]

Have a converted garage that currently has a 50" Samsung DLP. Wanting to go with a projector. But also this is our daily living room and I can't have a fixed screen. Going to replace the DLP with a LCD/Plasma, for TV watching and have a screen pull down in front of it for movies and such. Going to build a cabinet to have the screen be flush or slightly behind the wall. Looking at around a 110" diagonal screen(at least). The cabinet is going to be 110" tall x 128" wide x 12-18" deep(can go a tad deeper if necessary). The room is 24 x 22. From the proposed screen position to the proposed projector position is 20'. Hoping to have center of screen be 4' 6" (54") from floor. Looking for projector and general recommendations for setup. Not sure of budget yet, For sure nothing god awful expensive. Would love to stay under 2K, looking for a 1080p projector.

Here are pics of the proposed setup:
Everyday TV viewing


Movie Time


Projector location(farthest to top) - Bottom is a gas log fireplace, the middle is a nick nak shelf.


View of nick nak shelf