Ron,
Instead of using 6" PVC pipe, why not use a section of 8 or 10" painted metal stove pipe? If you backfill around it with a 4-8" of clean sand (clay soil would 'eat on it' over time), I'd bet it would last you plenty long enough and it may give you the room to contain all the fittings and be less expensive. Use a galvanized cap to cover it and place a bird bath, flag pole, large-ish field stone as a marker so you don't loose it's location in the yard.
I'd also ensure that I place at least 10" of washed gravel UNDER the ball valve and drip leg to allow any ground water to drain away from the fittings and any condensate that you blow out annually. You are planning to crack the valve and blow out the drip leg periodically, correct?
I like your idea of being able to open the valve with a rod attachment. If you attach a pipe clamp at each side of the valve to a piece of treated 2x8x ~14" long, this will secure the valve preventing it from twisting when you turn the rod.
Will you also have a valve & drip leg at each end of the line (near the point of going underground) just to keep the the amount of condensation to a minimum that heads down the 'cross-country' line?
How many feet of pipe will be buried?
If it's over ~75', you may want to step up to 1" pipe to keep the volume up and reduce the restriction of the long stretch of pipe......
Good Luck!
RWilke
Edit: Here's a good table to reference regarding the length of pipe run between your garages and the volume of air you'll want at the far end:
http://www.airheads.net/tech/techinfo/airline.html
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