Tokyo Games won't confirm added costs reported at $3 billion
Added 11-30-20 02:03:02am EST - “Organizers of the delayed Tokyo Olympics have declined to confirm widely circulated reports in Japan that the costs of the one-year postponement will be about $3 billion.” - Washingtontimes.com
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TOKYO (AP) - Organizers of the delayed Tokyo Olympics have declined to confirm widely circulated reports in Japan that the costs of the one-year postponement will be about $3 billion.
The estimates have been published in the last several days by some of Japan’s top-circulation newspapers, the national broadcaster NHK, and the Japanese news agency Kyodo. All are citing similar figures and unidentified sources close to the games.
“We are in the process of assessing the additional costs associated with the postponement of the games due to COVID-19 and therefore are not able to comment on any details at this time,” Tokyo organizers said Monday in a statement.
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The official cost of putting on the Tokyo Olympics is $12.6 billion. However, a government audit last year said it was probably twice that much. All but $5.6 billion is public money.
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