International Olympic Committee vice-president John Coates has insisted that the final cost of staging the Tokyo 2020 summer Games should not “scare off” future applicant cities.
Coates, speaking at the start of a three-day visit to Tokyo as part of the IOC’s coordination commission, praised Tokyo 2020 organisers for their efforts in attempting to reduce the budget for hosting the Games to Y1.685tr (€13.2bn/$15bn) from a December 2016 estimate of Y1.8tr, according to the Reuters news agency. However, that is still significantly above the budget of Y730bn earmarked when Tokyo won the bid.
“It is important to us that when the costs of the Games and the final analysis become public, they are going to be a reason to attract candidate cities – to attract them rather than to scare them off,” Coates (pictured) said.
“We want to work with you in that regard. So if we appear to be pushing very hard on saving money it is for our own future that we do it, just as much as you want to do it for your taxpayers.”