That's no problem. But, it doesn't really have to be put on hold, though. We can work out what the project should look like and get it up on the site. That would shorten the time it takes you to get a completed project from somewhere else. (They might start doing it the same time as you.)
Images are no problem. It's what I do here

. As long as the images are pictures you or the students take yourselves, it's no problem at all. I (anyone for that matter) can't use random pictures taken off the net unless you have the permission from the site owner to use those images.
It seems like a really big project with a lot of little projects making up the whole. That's excellent! It could be one project that goes all year, or a project that you break up and have smaller groups of a big class work on different sections of. And, it all ends in one big presentation! (:cough: and submission to the MES V-Key Pals Project Library)
So for parts, target language and resources:
class schedule:
- subjects flashcards and a sample schedule and write up.
- target language: present tense/habitual actions, ordinal adverbs: then, next, after that... , days of the week
lunch:
- food/desserts/drinks flashcards and a sample write up
- target language: food
extra-curricular activities:
- sports flashcards, hobbies flashcards, maybe some new flashcards?, a sample write-up
- target language: quantifiers: some ~, a few ~, most ~, all ~; present tense/habitual actions; future if you add a game schedule for the next few weeks; seasons if the school has seasonal sports (In fall some students play ...); past if you want to talk about previous victories
break time:
- recess 1 and 2 flashcards, a sample write-up
- target language: adverbs of frequency; present tense/habitual action; quantifiers: some of ~, a few of ~, most of ~, all of ~
the school building:
- school flashcards, a sample write-up, maybe a blueprint type drawing
- target language: there is/are ... , 'have' for descriptions, adjectives, comparative/superlative
the staff and students: (students could introduce their teacher, principal ...)
- need some school staff flashcards (teacher, secretary, principal, cook, janitor ...) there was actually a request for these anyway, a sample write-up
- target language: there is/are ..., introducing and describing someone/third person singluar
the school dress code:
- clothing flashcards, a sample write up
- target language: can/be allowed to, have to/must, present continuos: describing a picture, 'He is wearing...'
(it would be cool if students would take some pictures of other students at that school and give us a visual with English explanation of how students are dressing. If the school requires school uniforms, maybe they could take a picture of friends outside of school as well.)
vacation/holiday activities:
- need some new flashcards or I'll have to compile some sets, a sample write-up
- target language: quantifiers: some ~, a few ~, most ~, all ~; present tense/habitual actions; future if students include what some students plan to do; past if they do a survey of what other students did last weekend or last break, adverbs of frequency: always, usually, sometimes, occasionally ...
school events: a dance, school festival/carnival, sports day ...
- not much to prepare maybe just a sample write-up
- target language: future if you talk about an upcoming even, past if you talk about a past event, or even present perfect if you want to talk about what schools have done and are doing year to year.
Well, that's a start and a window to my madness. if you have anything to add or anything you think we should change, let me know.
Anyone else reading this is free to jump on the bandwagon!

The more, the merrier.