Olympics: Tokyo Games cost totals 1.42 tril. yen, twice bid figure

The cost of hosting last year's Tokyo Olympics and Paralympics is set to total 1.42 trillion yen ($10.5 billion), the games organizing committee said Tuesday, nearly doubling the 734 billion yen quoted in the bid file from 2013.The final budget report for the Tokyo Games, postponed for a year from the summer of 2020 due to the COVID-19 pandemic, was presented at the organizers' board meeting along with the games' 800-page official report submitted to the International Olympic Committee.While the postponement and coronavirus countermeasures caused additional costs, streamlining efforts kept …READ FULL ARTICLE