Olympics: Organizers project delay to run up cost by 200 bil. yen

The Tokyo Games organizing committee estimates that the one-year postponement of the Olympics and Paralympics will drive up the total price tag by some 200 billion yen ($1.9 billion), several sources revealed Sunday.The organizing committee, the Tokyo metropolitan government and Japanese government are planning to decide in December how much of the burden each will shoulder after discussing the added cost of implementing measures to combat the spread of the coronavirus at the games next summer.Additional costs are expected to include expenses related to securing games' venues, equipment ren…READ FULL ARTICLE