IOC, Tokyo organizers aim to cut costs for the 2020 Olympics
TOKYO — The International Olympic Committee and the Tokyo organizing committee wrapped up a two-day project review on Wednesday vowing to cut costs for the 2020 Games and address concerns over water pollution in Tokyo Bay.
IOC vice-president John Coates said the IOC needs to see cuts of $1 billion from the $12 billion budget. Coates said he saw potential for cost reduction in 11 of the 14 areas that were discussed during the meetings.
“That’s the target that we think should be achievable not just by Tokyo but by all summer organizing committees,” said Coates, who chairs the IOC’s Coordination Commission for the 2020 Tokyo Olympics. “What we are trying to do is create a situation where there is no strain on the public purse.”
For example, Coates said IOC data from previous games shows that Olympic family lounges operate at only 40 per cent capacity, meaning Tokyo organizers could save money on staffing such facilities.