Sports

Tokyo 2020: what is the price to pay for hosting an Olympic Games?




The Olympic Games do not come cheap. A host city needs to commit billions of dollars on venues, infrastructure, personnel and entertainment and, in its lopsided contract with the International Olympic Committee (IOC), it is often selling its soul.In past editions, the costs of staging the world’s premier sporting event has soared to the value of a small country’s entire economy. In almost all cases. the actual cost is much higher than the estimates put forward when a city won the bid.Tokyo may…



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