Another thought to save $$$$$. There are those parachutes in magazines like Cheaper Than Dirt, or Sportsman's Guide for $60-70, for the whole thing.

Buy one of these and trim her to size. Sew in versi-port stove jack, and zipper, and the edge trim of course. Coat it your self. I think this could be done for under $200. Maybe get a Ti goat carbon fibre pole for the center, or make you own.

Maybe I should try this.