Report: Pushing back Olympics to 2021 a costly endeavor

The cost of the postponement for the Tokyo Olympics could reach about $2.8 billion, according to figures released Friday by the Tokyo organizing committee, the Tokyo city government and Japan’s national government.

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Sports

December 4, 2020 - 3:46 PM

TOKYO (AP) — The cost of the postponement for the Tokyo Olympics could reach about $2.8 billion, according to figures released Friday by the Tokyo organizing committee, the Tokyo city government and Japan’s national government.

The numbers are in line with estimates made in Japan since the Olympics were postponed eight months ago. The games are now set to open on July 23, 2021.

About two-thirds of the added costs are being picked up by the two government entities, with the other one-third going to the privately funded organizing committee.

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