It has been revealed that the cost of hosting the World Swimming Championships and the World Masters Championships, which were held in Fukuoka and other cities last summer, was more than 20.4 billion yen, double the original estimate.
This is due to additional expenses incurred due to the postponement of the event due to the new coronavirus, and the cost to Fukuoka City is approximately three times the originally estimated amount.
The World Swimming Championships and World Masters Championships, which were held in Fukuoka and other cities last summer, were postponed twice due to the spread of the new coronavirus, and the International Swimming Federation's facility maintenance standards were higher than expected, so additional events were added. expenses were incurred, and costs were expected to increase significantly.
According to people involved in the tournament, the financial results for the tournament have recently been finalized, and the cost of hosting the event has now totaled more than 20.4 billion yen, roughly double the amount estimated seven years ago.
Of this amount, venue maintenance costs amounted to approximately 10.7 billion yen, operating costs amounted to approximately 5 billion yen, and accommodation and transportation costs for related parties amounted to approximately 4.7 billion yen.
Fukuoka City has made progress in securing subsidies from the Japan Sports Agency and sponsorship funds from companies, but the city's burden has been approximately 10.7 billion yen, about three times more than originally estimated.
On the other hand, according to an estimate compiled by Fukuoka City, the economic ripple effect on the city from hosting the tournament is about 10 billion yen less than originally estimated, due to factors such as a sluggish increase in the number of people visiting from overseas due to the coronavirus pandemic. It is estimated that it was around 43.3 billion yen.