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The Economic Cost Of Postponing The Tokyo Olympics

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The organizers of the Tokyo Games will now take on three big questions, says AlastairGale: 1️⃣ When will the Games be held? 2️⃣ Will venues be available for that new date? 3️⃣ Who will cover the costs associated with the delay?

There will be no Summer Olympics this July. The IOC announced Tuesday that, due to the coronavirus pandemic,Athletes and fans are disappointed, of course, but this move will also have tremendous consequences for the economies of Tokyo and Japan.KG: So I actually want to start back in 2013. There were three finalists bidding to host the 2020 Summer Games: Istanbul, Madrid and Tokyo.

AG: You know, it's been remarkably smooth. You know, often with Olympic build ups, you get stories of chaos and corruption, of facilities that are not going to be ready on time. But that really hasn't happened here in Japan. You know, it's been quite a smooth process. There are several new stadia and arenas that have been built. But all of that's gone very smoothly.

KG: And then there's also a cost for hotels and restaurants and other businesses that have been getting ready for this influx of visitors. What will this delay mean for them? People look out from a highrise viewing area at the newly-built Japan National Stadium, the main venue for the 2020 Olympic Games,

 

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AlastairGale Maybe it’s time to get less complex, and back to basic and simple. Greed is killing us.

AlastairGale For 3 I say give the bill to the CCP.

AlastairGale 1. Next July to August, maybe. 2. We are arranging them. 3. IOC and Japanese citizens.

AlastairGale

AlastairGale 123→NEVER.

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