The problem

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 day building & parking · $560K — $60M at 8%, 25 yr + district garage utilities · ~$100K a 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

In LA, attention is rented. Here, we own it.
Our secret weapon

Their payroll alone outruns
our entire cost stack

$875K /mo
COSM LA payroll only · 150 staff every day
$576K /mo
Our whole business · ~50 people, debt, parking, utilities, marketing — everything
We win on the cost line before we sell a ticket
COSM payroll per COSM (direct, 2026) · our full monthly stack, debt service included
Their costs, ours beside them

They need $1.9M months —
we need $660K

COSM LA · $1.9M/mo for a 20% profit
payroll · $875K
building & parking · $560K
profit
Tech Ridge Dome · $660K/mo for the same 20%
$254K
$241K
payroll building, screen & parking utilities a 20% margin
A third of the revenue buys the same profit
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.
Zion: NPS 2025 · Households: ACS 2024 · Tuacahn: FY2024 Form 990, ProPublica
The math  ·  draft inputs v2
Tourism
100K visits × $32 ticket + light F&B
$3.2M
Club
1,500 family memberships × $150/mo + drinks
$2.3M
Nights & events
25K covers × $45 + 60 buyouts
$1.7M
Revenue
$7.2M
Lean OpEx
no kitchen · small team · library content
−$3.7M
EBITDA
$3.5M
Debt & rents
building + screen + parking
−$2.9M
Profit
target: a 20% margin
$1.6M · 19%
Draft model — capture %, membership count, and OpEx pending assumption review with Danielle
Content — day one, no permission needed
300+ dome titles
CX system library — terms in writing w/ COSM
w/ system
Zion, immersive
produce once, own it · 2,000/week all summer
$0.2–0.75M once
NFL, every Sunday
commercial license — same as every sports bar
$8.5K / season
UFC & fight nights
$30 cover beats the license fee
$4–11K / event
COSM premium feed
partnership upside — not required to win
upside
Tourism
Club
Nights
Tourism 45% Club 32% Nights & events 23%
Revenue mix shifts with scenario — diversified by design, no single point of failure
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