There's going to be a Street Fighter tournament and art exhibit held in Alhambra, California, which is fairly close to Los Angeles.

The tournament winners will walk home with $500 for 1st place, $200 for 2nd and $100 for third. The page mentions that the event is sponsored by EVO, so you may see some pretty fierce competitors showing up.

There isn't an exact date and time for the tournament, but the exhibit runs through April 25, 2009 - May 11, 2009. There will also be a Cosplay competition, free refreshments served with music by Ronikus.