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Tokyo Olympics delay costs may reach $2.8 billion

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TOKYO – The cost of the postponed Tokyo Olympics could reach about $2.8 billion, according to figures released Friday by the Tokyo organizing committee, the Tokyo city government and Japan’s national government.The numbers are in line with estimates that have been made in Japan since the Olympics were postponed eight months ago.

They are now set to open on July 23, 2021.About two-thirds of the added costs are being picked up by the two government entities, with the other one-third going to the privately funded organizing committee.The operational cost for the delay is listed at 171 billion yen, or about $1.64 billion at the present exchange rate.

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