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Thanks for all the help guys. As I said I am a bit of a novice here so I appreciate all the input. Why would a need a 1080 projector? That being said wouldn't I want a 1080 projector anyways?

It will be in a theatre room to be built in my basement. It will be approximately 30 feet deep with 3 rows of seating. Since it will be exclusive for the theatre, the lighting in the room can be completely controlled. My concern is that I know when the size is this big you may encounter...

I would like to keep my budget for the projector at $5,000 or below. Any suggestions? Thanks