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The cost of the delayed 2020 Tokyo Olympics is 20% higher than organizers said when they announced officials figures more than a year ago, according to a report by the Board of Audit of Japan.
The current highest cost of hosting the Olympic Games was the 2016 Rio de Janeiro Summer Games, costing approximately US$11.1 billion. In order to meet the requirements set out by the International Olympic Committee (IOC), [4] the Rio de Janeiro council had to invest heavily in building the necessary facilities/venues, and an entirely new subway line.
The Olympics are to open on July 23. In an online news conference, organizers said the Olympics will cost $15.4 billion to stage. Official costs of Tokyo Olympics up by 22% to $15.4 billion
The Tokyo Olympic Games will get under way in July barring "Armageddon", as one IOC member put it.But the delay has been expensive in various ways.Organizers previously put the entire cost of ...
In June 2022, the Tokyo Organizing Committee revealed in the final budget report for the Tokyo Olympics and Paralympics that the cost for the Olympic Games was 640.4 billion yen (US$5.8 billion [i]), which was higher than the cost for the Rio 2016. [83] [2]
Putting on the Olympic Games is often a major financial undertaking for the host city, with the direct costs — the cost to build venues, stage the ceremonies, etc. — oftentimes totaling in the ...
Tokyo 2020 (東京 2020, Tōkyō Nisen-Nijū) was a successful bid for the 2020 Summer Olympics by the city of Tokyo and the Japanese Olympic Committee. On September 7, 2013 at the 125th IOC Session in Buenos Aires , Tokyo won their bid to host the games. [ 1 ]
Tokyo Olympics organizers have placed the final cost of the Games at $13 billion, about twice of what was forecast when the IOC awarded them in 2013.