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Jun 21, 2022 · Through these joint efforts to improve efficiency and advance simplification, even after the unexpected additional costs caused by the postponement and the COVID-19 countermeasures, the Tokyo 2020 Games were delivered with final expenditures of JPY 1,423.8 billion (USD 13.0 billion), JPY 76.2 billion (USD 0.7 billion) less than the version one budget announced in December 2016.
Aug 7, 2021 · For example: The 1964 Tokyo Games, he says, “were either one of the cheapest or one of the most expensive Games depending on how much of the preparation costs count as the Olympics.” The 2008 Beijing Olympics, usually listed as costing more than $40 billion, and the 2014 Sochi Winter Olympics — priced at $51 billion — are often singled out incorrectly as the most expensive.
- swade@ap.org
- Sports Writer
- What Are, and Are Not, Olympics Expenses?
- Cost of Tokyo Games Went Up with Postponement
- Who Benefits from The Olympics?
Following costs is a tedious exercise, dotted with arguments about what are — and what are not — Olympic expenses. Flyvberg explained that numbers from different games can be "opaque and non-comparable" and require sorting and tracking. "The problem is disentangling what is Olympics cost and what is just general infrastructure spending that would h...
Tokyo, of course, saw costs soar with the postponement. Officials say the delay added $2.8 billion to the final total. The postponement and a subsequent ban on fans also wiped out virtually all ticket sales income, which was budgeted at $800 million. That shortfall will have to be picked up by Japanese government entities — likely the Tokyo Metropo...
So why did Tokyo want the Olympics? Why does any city? German sports economist Wolfgang Maennig said the Olympics offer little economic boost. So any value must be elsewhere. He has often likened the Olympics to throwing a big party for your friends and overspending, hoping they go away happy and remember you fondly. "After three decades of empiric...
Jun 21, 2022 · The cost was twice what was forecast in 2013 when Tokyo was awarded the Games. However, the final price tag presented by organizers is lower than the $15.4 billion they predicted when the Olympics ...
Aug 8, 2021 · Tokyo 2020 estimates Olympics and Paralympics cost of $13.6 billion and claims savings on 2020 estimate. Tokyo 2020 has estimated the rescheduled Olympic and Paralympic Games cost $13.6 billion ...
Jul 23, 2021 · The Tokyo Olympics are set to be the most expensive Olympics on record. According to officials, the budget is $15.4 billion, but Japanese government auditors have said total spending tops $20 ...
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Aug 7, 2021 · In this July 25, 2021, file photo, swimmers warm up before competition at the 2020 Summer Olympics in Tokyo. The price tag for the Tokyo Olympics is $15.4 billion.
