Kudos for the creativity but I think it would be a better effort to raise funds for an actual vertical metal bandsaw. The safety of a modified power tool like this is questionable.
You do have a point with regards to safety. Just to be clear, I wasn't endorsing nor implying a custom-built VMB (Vertical Metal Bandsaw) at the HC. I was more interested in sharing a few parts in particular @ http://www.homemetalshopclub.org/news/article_sort.htm
1. (a cautionary tale) labelled Bandsaw Meltdown - Fire Hazard! (07/13/02)
. As he stated himself, "Moral of this story: do not leave the bandsaw unattended while it is in operation!"
2. Bi-Metal Replacement Blade
has some suggestions about replacement blades.
3. Pulley & Belt Cover
he describes how he solved the "pulley/belt cover rubbing against the pulleys" problem.
4. Holding Short or Odd-Shaped Stock *My personal favorite*
he shows various modifications to the stock jaws to accommodate difficult stock like bolts, etc.