The Carolinas have traditionally been a wrestling hotbed - especially Greensboro, Charlotte, and Greenville. I live in NC and I've never heard of many events running out of those 2 arenas, so I doubt that they're too big to host ECW.
I know it's an "I quit" match, but I don't think Foley or Flair will actually quit. It'll be one of those deals where the ref stops the match out of mercy for one of them.
You can see all of the botches mentioned here, and more, in this complete 7 minute package of the worst wrestling botches ever to be caught on film:
http://video.google.com/videoplay?docid=91...933&q=botch