The Japan Sport Council (JSC) has agreed to scale back the floor space of the Tokyo 2020 Olympic Stadium by a quarter to 220,000 square metres.
The stadium designed by award-winning British-Iraqi architect Zaha Hadid would have cost around $3 billion – double of what it was budgeted at in Tokyo's bid book. It has also attracted criticism for its 70-metre height, which would tower over the 15-metre height restricted structures in Tokyo.
Construction costs will reportedly stand at $1.8 billion for the downscaled stadium according to AFP, despite the original 80,000 capacity remaining in the new plans, as well as its retractable roof and height of the venue.
Due to begin build next year, the stadium will host the opening and closing ceremonies of the 2020 Games, as well as the 2019 Rugby World Cup.