This Summer’s Tokyo Olympics could lead to billions of dollars in losses for Japan as costs continue to rise.
Non-sports related activity by the Organising Committee for the Olympic Games is not included in official spending. These “non-OCOG indirect costs” include constructing roads, rails, airport infrastructure and hotel upgrades, which are also related to the staging of the Games. For example, the 2008 Beijing Olympics had a sports-related cost of $6.8 billion, but China’s total spending was around $42 billion due to outside costs. These costs ranged from a $3 billion airport terminal to $30 million spent on trees and flowers, according to WSJ.
Looking at you, Paris and Los Angeles for the cost of the up coming Olympics. Tokyo did thire best to entertain the world.
The Olympics are a taxpayer ripoff… and define crony capitalism (the marriage between the state & big Biz) at its very worst.
horrible
thanks
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