TOKYO (AP) Tokyo Olympic organizers said Friday they are spending 1.35 trillion Japanese yen about $12.6 billion to stage next years games. Organizers said the expenditure is unchanged from a year ago, although robust sponsorship and ticket sales have generated a contingency fund of an extra $300 million.
However, Japans National Audit Board, in a 177-page report prepared for the national legislature, said next years Olympics will cost much more than organizers say.
The audit lists an added $9.7 billion it says are Olympic-related costs that have not been included. In addition, the city of Tokyo has previously said it would spend another $7.4 billion on Olympic-related projects. Tokyo Governor Yuriko Koike said at the time the spending was for projects directly and indirectly related to the games.
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