IOC will not sign off on Tokyo's $20b budget for 2020 Games
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TOKYO — Calling Tokyo's proposed $20 billion budget unacceptable, IOC
Coates, speaking at the end of a
"The IOC is not in a position to accept a budget of $20 billion," Coates said at a news conference. "The IOC just isn't going to sign off on a budget which we think exceeds the costs that the games could be staged for. That would be giving the wrong impression and it would not help us in terms of other candidate cities."
Construction costs have soared in part due to shortages in
A Tokyo government panel has accused local organizers of allowing big public works spending for the Olympics without a long-term vision for legacy use. The panel has said the cost of the Olympics could exceed $30 billion — four times the initial estimate — unless drastic cuts are made.
Tokyo Governor Yuriko Koike has spearheaded the cost-cutting effort, proposing a review of three costly new venues. Her efforts have led to some tense exchanges with Yoshiro Mori, president of the 2020 organizing committee.
Koike agreed Tuesday to keep the rowing, canoe sprint and swimming venues at their planned sites in Tokyo, rather than moving them to existing venues outside the capital, while securing commitments for substantial cost reductions.
A decision on a possible switch of the volleyball venue was delayed until late December.
Coates brushed aside suggestions that the showdown over cost-cutting would have a negative impact on Tokyo's preparations.
"I'm confident that governor Koike and president Mori and the two organizations that they lead can work together," Coates said. "We sat around a table the other day and we all agreed on two venues and we all agreed that we would postpone a final decision until more investigation was made on a third venue."
Five new sports — baseball-softball, surfing, skateboarding, karate and sports climbing — were approved for inclusion in the Tokyo Games in August.
Subject to the final approval of the IOC, the location of the venues for the five new sports are: Yokohama Stadium for baseball-softball; Nippon Budokan for karate, new structures on Tokyo Bay for sports climbing and skateboarding, and