Cost of 2020 Tokyo Olympics Could Top $30 Billion
Being chosen as host city for the Olympics is seen as a badge of honor. It can highlight the wonders of a city and bring immense excitement to the region. Even playing host for the Olympic team trials, like Eugene, Oregon (aka "TrackTown USA") did in 2016, can be a thrilling event. But with great honor comes great responsibility -- and that often includes immense financial responsibility, sometimes beyond what a given city can handle.
The next Olympic games are to take place in Tokyo, but experts have warned that unless key cost-cutting measures are taken, the cost of the 2020 Olympic Games could top $30 billion. This could present an impossible financial hardship for taxpayers. Newly elected Tokyo governor, Yuriko Koike, was one of the first to raise concerns about the growing cost of ...