IOC: Y2 trillion budget for 2020 Games too high; volleyball venue still undecided
The Tokyo Olympic organizing committee’s proposal to cut 1 trillion yen from an estimated 3 trillion yen budget was deemed not ambitious enough by the International Olympic Committee at a four-party cost-reduction working group for the 2020 Games on Tuesday.
The working group, featuring top officials from the IOC, the Japanese and metropolitan governments and the 2020 organizing committee, agreed to stick to the original plan of using the Sea Forest Waterway in Tokyo for the rowing/canoe sprint, over the city’s suggestion of moving it to Naganuma rowing course in Miyagi Prefecture.
This was one of three venues for which the metropolitan government had urged considering options including using existing venues rather than building new ones as part of efforts to reduce expenditures… Read more here.
Source: Japan Today