What's on the other side of the wall?
The tank is in the unfinished half of the basement (16'x30')and the viewing side is an informal den/rec room(26'x30'). The aquarium wall was made with the "window" for the aquarium when the house was being built. I will have good access to the back and sides of the tank, but the front will be a problem. I may take djlen's advice and carefully plan that area for low maintenance. The front will be the only "finished" viewable side. I have thought about adding a small window on each side just "so I can see back there!".

But that back area will not be very pleasing to look at with all the hoses, filters, etc. It will be for my eyes only.
I don't know enough to say what kind of plants I will have to start. Most likely I will start with some low-light low-maintenance plants?, maybe swords?, anubias?, and some floating plants?
I'm not familiar with "stem" plants. Before I get to the point of filling the tank I plan on increasing my knowledge of the different plants and their needs and making the best decision I can. (Basically let you guys tell me what I need)
As far as lights go, I'm not set on what kind I will use. I hadn't really considered MH because I got the impression you needed CO2 along with those. I imagine I could use them but keep them higher off the water to begin with and at some later date lower them and start CO2. I definitely like the estimates you quoted on DIY MH. THe biggest dilemma is the evaporation involved with an open tank. Using the MH I would have to have the tank completely open. That much surface area would create a lot of evaporation I'm afraid. I read where someone had trouble with their open tank in the basement due to high evaporation and eventually had to shut it down it got so bad. If the evaporation wasn't enough to damage the floor above I would most likely go with MH. The ceiling above the tank isn't finished, the floor above is exposed through the rafters. I fear that constant heat from the MHs combined with the evaporation might build moisture in the rafters above. Not good.
Can High-pressure Sodium lights be used for aquarium plants?
I have also considered DIY strip lighting (either T5s or CF) and putting glass panels width-wise in between them to sorta cover the tank and hopefully decrease evaporation. How does that sound?
As far as algae on the front glass, I don't have an answer. What am I saying? I don't seem to have an answer for anything yet.

With either a 3' or 4' width I will have to find a way to deal with it, maybe long handled scraper, or maybe waders. Maybe a removable catwalk above the tank? Remove the lights and lay on it to reach the front glass? ... Nah, sounds like a disaster in the making.
OK, you devils make good advocates, so keep'em comin'.
