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7 prefectures, 4 cities likely to shoulder 35 billion yen of Tokyo Olympic costs

Seven prefectures and four major cities that will be home to venues for some events of the 2020 Tokyo Olympics and Paralympics will be required to shoulder a combined 35 billion yen of the costs of organizing the games, according to the latest estimate made by the Tokyo Metropolitan Government.

The metropolitan government has deducted 5 billion yen set aside to cover the rent of the venues, which will unlikely be spent, from the initial estimate of 40 billion yen. Attention is now focused on how the local bodies concerned will react to the latest estimate before broad agreement is expected to be reached on May 31.

There are some facilities that local governments offered to lend as venues for Olympics and Paralympics for a month free of charge when Tokyo was still bidding to host the 2020 Games. These facilities include Sapporo Dome in Hokkaido and Miyagi Stadium in Miyagi Prefecture to be used as venues for the soccer event.

However, funds to cover the rent of these facilities are deemed not part of the costs of holding the games because the money will not be actually spent.

On the other hand, the metropolitan government is considering footing the costs of renting facilities outside the capital that the metro government asked the local bodies to allow for use as venues in a bid to reduce costs to be shouldered by Tokyo.

Of the total cost of holding the Games, the metropolitan government and the organizing committee would foot 600 billion yen each while the national government would shoulder 150 billion yen.

Top officials of the national, metropolitan and other local governments concerned, as well as the organizing committee, will attend a May 31 meeting on the sharing of the costs.

Tokyo Gov. Yuriko Koike has set the deadline for reaching broad agreement on the sharing of the costs of holding the Tokyo Games at May 31.

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