Parsimonious podium
As Tokyo ramps up its preparations for the 2020 Olympics, pressing budgetary questions remain. The cost of building sporting venues and courses is now estimated at ¥3trn (€26bn) – four times the initial figure – and talk has turned to how organisers can spend less on the priciest venues. The latest idea: stage the rowing and canoe sprint competitions in Miyagi, 400km north of the Japanese capital, instead of at a new facility in Tokyo Bay. Building an Olympics venue in a region hit hard by the 2011 earthquake and tsunami has broad backing here but the savings wouldn't be as substantial as hoped. That's because organisers would need a second, remote Olympic Village for some athletes and would have to pay hefty cancellation fees for the Tokyo Bay building contracts. Japanese officials, who plan to meet with IOC later this month, are now reportedly leaning towards a slimmed-down version of the €409m Tokyo Bay plan for rowing and canoe races. Expect more talk of cost-cutting steps in the months ahead.