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You can record the event in HD and then, through your editing software, create both and SD and an HD (i.e. Blu-ray) DVD for distribution.
You already have the camera so all you'll need is a Blu-ray burner and editing and DVD creation software. I use Sony Vegas Pro and Sony DVD Architect Pro but there are a number of different packages out there.
You may want to rethink making an HD DVD. I've been shooting in HD for the past two years and no one has ever asked me for a Blu-ray disc as they're quite happy with a regular DVD. Most HD TV sets upscale SD footage anyway and as long as your source material is clean, it will look just fine.
Besides, doing that adds an extra layer of complexity to your learning process.