Organizers for the delayed 2020 Tokyo Olympics estimate they have found simplification measures that will save about $280 million from the Games’ budget.
The official Tokyo budget is $12.6 billion, so the cost-saving measures will shave off about 2% from that figure. According to a national audit conducted last year, however, the actual cost could be twice as high as what’s been officially reported.
In total, about 50 cuts were proposed, mostly to fringe elements of the Games — some of those include parties, hospitality, and mascot costumes. Spending on the most expensive items, like new venues, has already been done.
None of the measures affect the number of sports or athletes set to appear.
