Panel warns Tokyo Olympics cost could top $30 bil­lion

Daily Local News (West Chester, PA) - - SPORTS -

An ex­pert panel com­mis­sioned by Ja­pan’s cap­i­tal city has warned that the to­tal cost for the Tokyo 2020 Olympics could ex­ceed 3 tril­lion yen ($30 bil­lion) un­less dras­tic cost-cut­ting mea­sures are taken.

The panel on Thurs­day said the bal­loon­ing costs re­flect an ab­sence of lead­er­ship and a lack of gov­er­nance and aware­ness of cost con­trol.

The Olympic in­ves­ti­ga­tion panel, led by Shinichi Ueyama, a Keio Univer­sity pub­lic pol­icy pro­fes­sor, was launched by newly elected Tokyo Gov. Yuriko Koike as part of broader re­forms af­ter she raised con­cerns about ever-grow­ing un­of­fi­cial cost es­ti­mates and the po­ten­tial bur­den on the city and its tax­pay­ers.

The re­port re­viewed three out of seven per­ma­nent venues that Tokyo is plan­ning to build, and pro­posed us­ing ex­ist­ing lo­ca­tions rather than new fa­cil­i­ties that could end up be­ing white ele­phants.

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