One thing to consider is that "white" LEDs tend not to have a good spectrum. Often they are Yellow + Blue, which to our eyes looks white, but in a marquee you may want a light source that is broad spectrum. Certain colors on the marquee that the light is shining through via LED may appear slightly off color, or even dim. I would imagine that the yellows and blues (for the yellow+blue "white" LEDs) would appear bright, but reds and greens would be very dim by comparison.
There ARE other types of white LEDs tho, such as RGB based ones, and ones that emit UV and use a phosphor coating to convert it into broad spectrum white light.
If going with LED's on this, make sure to get the right kind of white LED (UV+Phosphor).