Justin, I know one potential problem with holding events on campus happens when you collect money. Basically, if you hold an event on campus and take money, then you have to pay taxes/ fess, and rental fees of rooms in the Union go way up (i.e. they're there). I think this rule is for when the organization collects money as a for-profit kind of thing, which is what a tournament is not.
Depending on how this issue would work out, we can use Tiger Uppercut to get a room in the Union for free, for a whole day. If we have to pay taxes/ fees (because we collect a registration fee), then it probably wouldn't be worth it unless it's a large event.
Also, anyone else in Baton Rouge need a ride to Laffy Saturday? I'm leaning towards just going for Brawl, but it's still in the air.