Tokyo Olympics: Relocation of Sapporo to 3 billion yen in capital expenditures due to relocation of Sapporo December 19th, 7:46
In reviewing the budget for the Tokyo Olympics and Paralympics, it was found that the Organizing Committee and Tokyo etc. are making final adjustments in the direction of reducing capital expenditures by 3 billion yen with the transfer of the walk to Sapporo .
The budget for the Tokyo Games next year is currently being revised by the Organizing Committee and the Tokyo Metropolitan Government and is expected to be announced soon.
According to the officials, with the move of the Olympic racewalking venue to Sapporo, the capital expenditure as of December last year will be reduced by 3 billion yen, and the final adjustment will be made by the Organizing Committee. I understand that you are advancing.
As a result, the expenditure of the Organizing Committee is expected to be 63 billion yen. On the other hand, the revenue of the Organizing Committee is expected to increase by 30 billion yen from last year to 630 billion yen, due to an increase in domestic sponsor revenue and sales of tournament tickets.
In addition, 27 billion yen in revenue exceeding expenditures will be recorded as “reserve expenses” in preparation for unforeseen circumstances.
For this reason, the total budget for the entire tournament will be 1.3 trillion yen, unchanged from last year even in this review. The Organizing Committee and the Metropolitan Government will further investigate the costs associated with the relocation of marathons and racewalks to Sapporo.