The price tag of the 2020 Tokyo Olympics could exceed 3 trillion yen ($30 billion) unless drastic cost-cutting measures are taken and several key venues are relocated, an expert panel warned Thursday in the latest blow to Japanese organizers
Concerns about the city’s 2020 budget come amid growing scrutiny over the costs of hosting the Games.
In its winning bid for the 2020 Summer Olympics, organizers in Tokyo promised a compact Games, with 28 of the 31 competition venues within about a five-mile radius of the Olympic Village. But in the wake of soaring costs involved wi...
Expert panel warns cost of Tokyo 2020 Olympics could top $30 billion; calls for cost cutting