The Organizing Committee of the Tokyo 2020 Olympic and Paralympic Games announced that the cost of the event was $ 13.6 billion, almost double what was expected in 2013 when the Japanese capital was designated as the venue for the sporting event.
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The new figure includes the costs associated with the postponement of the 2020 Games, which were held this year, due to the coronavirus pandemic, as well as a reduction in expenses derived from simplification measures in various areas of the event.
Before the pandemic, at the end of 2019, the Games were slated to cost $ 13 billion, ABC News noted.
However, in 2013, when Tokyo won the right to host the Games, the cost of the Games was budgeted at $ 7 billion, just under half of the final amount. The fact that the event did not have an audience deprived the organizers of 800 million, since there were no ticket sales.
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There were concerns that a lack of ticket revenue could lead the Games into a deficit, which could have increased costs for the Tokyo metropolitan government and the Japanese government.
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