TOKYO -- The price tag for last summer's pandemic-delayed Tokyo Olympics and Paralympics ballooned to 1.42 trillion yen (about $13 billion based on 2021 rates), nearly twice the initial estimate, with taxpayers footing 55%, the Tokyo organizing committee said Tuesday.
Tokyo 2020 Olympics
Tokyo Olympics cost doubles to $13bn on COVID and overruns
Snowballing budgets raise questions about taxpayer burden
The Summer Olympics in Tokyo proved costly to Japan, owing to construction cost overruns and a one-year delay from the pandemic. (Photo by Kento Awashima)
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