Delaying the Olympics a year could cost up to $4 billion.
TOKYO — The Tokyo Olympics will open next year in the same time slot scheduled for this year’s games.
There had been talk of switching the Olympics to spring, a move that would coincide with the blooming of Japan’s famous cherry blossoms. But it would also clash with European soccer and North American sports leagues. “The IOC has had close discussions with the relevant international federations,” organizing committee CEO Toshiro Muto said. “I believe the IFs have accepted the games being held in the summer.”
Both Mori and Muto have said the cost of rescheduling the Olympics will be “massive” — local reports estimate billions of dollars — with most of the expenses borne by Japanese taxpayers. Katsuhiro Miyamoto, an emeritus professor of sports economics at Kansai University, puts the costs as high as $4 billion. That would cover the price of maintaining stadiums, refitting them, paying rentals, penalties and other expenses.
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