215K locals 5M visitors per year Nothing to do after 8 o’clock
St. George needs a venue like COSM
What COSM LA takes to run
$1.9M a month for a reasonable profit
~$60M to build, financed — then every month:
payroll · $875K
building & parking · $560K
profit · 20%
payroll · $875K · 150 staff every daybuilding & parking · $560K — $60M at 8%, 25 yr + district garageutilities · ~$100Ka 20% margin · $385K
≈ 950 paying guests at $65+, every night of the year · payroll per COSM (direct, 2026) · build: $42.5M TDLR filing + screen, financed at market terms · parking: ~600 stalls at LA garage rates · utilities scaled from our engineered model · excludes their marketing, insurance, content, and league fees
How COSM does it
Sports second only to being on the court, on the field, in the ring
The best place on earth to watch Harry Potter
Enough people in LA to fill every seat for months on end — enough fans to sell out every game
Meanwhile, in St George
We don’t have any of that
Add it up
COSM LA’s business model will never work in St George
COSM LA’s business model will never work in St George
Add it up
COSM LA’s business model will never work in St George
Ours does
Better than we had imagined
COSM at Tech Ridge does
Better than we had imagined
Our advantage
We own the town’s attention
In LA, COSM fights all of Los Angeles for a sliver of attention — so it buys new content, endlessly, to pull people back
In St George there’s nothing else — we capture the whole town, and we keep it
Same buckets, same math, same 20% both sides — ours includes building + screen debt and the parking lease; with our marketing & insurance added the target is $720K/mo, still ~⅓
Our model
One membership, the whole family — $150
Mom: sunrise yoga on the dome · Kids: movies and space Dad: every game, on the biggest screen in Utah
Tourists rotate — 5M a year, a new audience every night
À la carte, that family spends $400+ a month — the value smashes the price
We need regulars, not sellouts
COSM at Tech Ridge
The favorite venue in town
Southern Utah’s biggest night club
Its greatest sports bar — the big game, via a standard license
Daytime tourism — Zion immersive, produced once
Unmissable on every St George trip, for visitors and snowbirds alike — we bring them to Tech Ridge
In LA, COSM isn’t special — in St George, it’s transcendent
The bet
We don’t need their content to win With it, we’re a home run
Our own programming clears a 20% profit — library, Zion films, standard sports licenses, our own nights. COSM’s premium sports and titles are pure upside, on a cost base a third of theirs.
The asymmetric bet
Two ways to win
Likely
Without COSM premium content. Library + Zion films + standard sports licenses + our own nights clear a 20% profit.
Massive
With it. Layer premium sports and titles onto a cost base a third of theirs — the margin compounds.
A floor we control. A ceiling we don’t need.
Market
We need 2% of the tourists.
Tourists
5M Zion visits × 2%
100,000 visits
Locals
76K households × 2%
1,500 families
Tuacahn already sells 350,000 seats and $25M a year here — outdoors, seasonally. Demand is proven. The venue is missing.