Here's more on the 2012 Team America Rocketry Challenge that was just held:
Madison students take first place in Team America Rocketry Challenge - Aerospace Industries Association
TARC 2012 - Team America Rocketry Challenge - photo collection presented in a YouTube video
Team America Rocketry Challenge - A Country Mouse in Space, A rural teacher's experiences elsewhere
Ingraham rocketry team lands trip to NASA event - The Seattle Times on a team that will now go to the Student Launch Initiative
World's Largest Rocket Contest Launches STEM Careers - Marion C. Blakey (AIA) at the Huffington Post
TARC 2012 Timelapse Outfield - YouTube video - You should also be able to find several other time-lapse videos there if you go to this one.