I asked this at avsforum.com's DIY section, and was largely sent to Bill Fitzmaurice's designs so I figured I'd ask it here.

We have some very abused Advent monitors and a receiver/amp that apparently caught fire this summer - my housemate couldn't believe it still worked yesterday. The sound quality makes me want to puke, and it doesn't even get very loud.
The basement is concrete floor, stone/rock/mortar walls. 7'4" ceiling. Only the main 18'4" x 20' space would usually have people in it. Half of the stone walls are actually covered with wood paneling, spaced about 8-10" off the rock face. Sound is well insulated from ground/2nd floor, as well as from outside. Unfinished wood beam ceiling (a.k.a underside of 1st floor). It's an "amazing" party space with a full bar, kegerator, and little TV above the bar.
I'm looking for a new speaker setup, obviously. The space is only used for parties, not home theater, etc. Loud-thumping-go-deaf bass is not my thing, I'm personally all about quality of sound over quantity. That said, if I want to listen to music I'll put on my awesome headphones and chill out on the couch. This is the party room.
I'm looking for cheap, loud, party sound for $500-600. If I can spend less, great - I have other hobbies demanding my money. Sure, I'd love it if the lows/mids/highs were balanced, but mostly I just want the bass strong enough to impress stupid college kids: "WOW NICE SPEAKERS!" while still maintaining some kind of minimum quality.
I'm a student at an engineering school. All my friends are engineers. I have a jigsaw, circular saw, dremel, drills, multimeters, oscilloscope, soldering irons, whatever (just at my house, school has more equipment if necessary). I can make custom printed circuit boards at school. You can throw at me any amount of technical details and I'll use my resources to figure out what you're talking about (though it might take me awhile). This is a cool basement space that will soon have an automatic bartending machine ran by a computer and custom computer-controlled lighting. That said, I have a lot of hobbies and my classes are very difficult - I don't have a lot of extra time to get a speaker box built "just perfect". Anything DIY is liable to be done fast and sloppy the first time around.
Right now I'm considering building
2 TLAH's
1 T6 Subwoofer ( http://www.avsforum.com/avs-vb/showthread.php?t=1358033 )
I'll also need an amp or two to power them and I'm way over my head right now in selecting what will be good. I kind of like the idea of building an amp as long as parts aren't too hard to source.
Can you recommend drivers / amps?Can you recommend anything better for my needs?