TOKYO — With the Tokyo Olympics postponed until 2021, now comes the multi-billion-dollar question: Who pays the bills for the delay, and how large will they be?
The most likely answer is — primarily Japanese taxpayers.
“Of course there will be costs,” organizing committee CEO Toshiro Muto said when the postponement was announced. “As for how much, we have no figures with us right now. As for who will shoulder these costs? Needless to say, they are not going to be easy discussions, so we are not sure how long they will take.”
The Japanese financial newspaper Nikkei put the added cost at $2.7 billion, citing an estimate from local organizers.
Tokyo organizers will have to renegotiate new leases on venues, pay for maintenance at arenas,