Commented: Basement ceiling optionsCeiling link is another option with only a loss of about 1 inch ceiling height.
Here is a link that might be useful: Ceiling link
Commented: Thinking of adding a couple of archways - $ questionUse the fast arch system, very cost effective, only slightly more expensive than square opening. We used it for a barrel vault ceiling and arched openings. Traditionally used to cost a lot more.