BuddyPress.org

Did you ever get this working?

1. go to the svn at https://svn.wp-plugins.org/bp-events/trunk/,

2. download all the updated files, especially the directories folder and its contents

3. deactivate bp-events

4. upload bp-events and its contents to plugins folder

5. upload events and its contents to your theme folder

6. activate bp-events

This worked for me. I think the missing piece was the directories folder, however, this procedure is what worked.