2014 Winter Olympics

2020 Summer Olympic budget continues to be a concern in Tokyo

2020 Summer Olympic budget continues to be a concern in Tokyo

As Los Angeles draws closer to being awarded a Summer Games — potentially in 2024 or 2028 — the cost of hosting the massive sporting event continues to be a big concern within the Olympic movement.

On Wednesday, an International Olympic Committee executive urged organizers of the 2020 Tokyo Games to continue trimming a budget that has far exceeded initial projections.

Japanese officials originally predicted they would spend less than $7 billion but have seen that number grow. Even with significant reductions, the current estimate tops $12 billion.

IOC officials in Tokyo this week to evaluate the city’s preparation want more cuts.

"It is important to us that...

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