Yes! The ceremony will be in the Champions Club and the reception will be in the Handlebar Room. Both of these spaces are in Great American Ball Park on the first base line.
At 100 Joe Nuxhall Way, there is a large sign that says "Cincinnati Reds Hall of Fame". This is directly across the screen from the Holy Grail Tavern. Enter the stadium from there, walking past the Johnny Bench statue, and look for the event staff on the right side.
Not live. The Reds will be on the road for a weekend series against the Pittsburg Pirates. We might be able to catch the end of the Saturday game on TVs at the ballpark during our cocktail hour.
Open enough that your dance moves will get progressively more confident and less explainable.