If the costs could be limited to paying the officials, then it could work. I mean, we hosted our Regional last year and showed that it can be run effectively in a smallish gym (squeezed in 4 full mats). Our friends-of-the-program ran tables (they would have done it for free), and our coach's hospitality room was run by volunteers. We had tons of food and beverages donated by parents and friends, and the costs were almost nothing. I don't know anyone at the high school level who is in it for the money when running tournaments (though I'm sure there are some); we know how to run outstanding events on pennies. Speaking a bit out of ignorance on this because I don't know what all the costs are for running the Finals, but whatever they are, I'm thinking most can be eliminated.
I've said it before:
1. Allow teams to bid for the Finals, just like we do for the Regionals.
2. I'd rotate separate host sites for the Finals through the Regions each year, say Region 1 hosts D1 this year, Region 2 hosts D2, and Region 3 hosts D3. I wouldn't host all 3 Divisions in the same Regional for fear of running out of hotel and restaurant accommodations in some of the sparcely-populated school districts.
3. The top 2 teams from each Regional qualify for the Finals. This way, the Finals are the same size as the Regionals (16 bracket), and there would be a little more equity in the Finals bracket. Far too often there are some high quality teams left home; this can alleviate that at least a little.
4. No one except the officials get paid, and the gyms are also rent-free since the host volunteered.
5. Seeding would be done by the coaches, just like the Regionals. I wouldn't say it would be any more or less accurate than the way it's done now, but at least the coaches would have direct input, and the process wouldn't be done behind a curtain. From what I've seen the seeding at the Regionals and Finals have been very accurate at the top half and a little less so in the bottom half.
I know in the age of COVID this still wouldn't happen, but as a way to limit the financial carnage in the future, perhaps a model similar to this might gain traction. As you can probably tell, I have a real passion for the Team tournament, and I want to help find a way for it to work. I loved taking our Team to St. Johns for the experience, but if we have to choose to not wrestle at St. Johns or to wrestle in someone's gym, who is going to say no to more wrestling?