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"Work on a new main stadium has fallen behind schedule, because the government abandoned the original design due to spiralling costs.
The original logo for the games, unveiled with much fanfare, was scrapped over accusations of plagiarism.
The shifting of some events from new to existing venues has saved $2.7 billion but overall costs are still expected to far exceed initial estimates.
The Tokyo organising committee has admitted that the operating costs for the Games will be considerably higher than the $4.1 billion forecast in its bid, but it hasn't disclosed a new estimate.
That doesn't include the cost of building new sports venues and other Games-related infrastructure."
Wow! That is so mind-boggling just to see the huge money needed to host such a big event. But we all know they will be able to recover through huge gains from tourism once it starts.
The original logo for the games, unveiled with much fanfare, was scrapped over accusations of plagiarism.
The shifting of some events from new to existing venues has saved $2.7 billion but overall costs are still expected to far exceed initial estimates.
The Tokyo organising committee has admitted that the operating costs for the Games will be considerably higher than the $4.1 billion forecast in its bid, but it hasn't disclosed a new estimate.
That doesn't include the cost of building new sports venues and other Games-related infrastructure."
Wow! That is so mind-boggling just to see the huge money needed to host such a big event. But we all know they will be able to recover through huge gains from tourism once it starts.
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