Tokyo has sent a clear message to the International Olympic Committee (IOC) less than three weeks before the vote to decide the host city for the 2020 Summer Games: bank on us.
With the IOC under pressure to keep escalating Olympic budgets in check amid protests and political sniping in Brazil and Russia, Tokyo has underlined its promise to deliver a profitable Games without the risk of over-spending.
“We’re very healthy,” Tokyo 2020 chief executive officer Masato Mizuno told AFP in an interview.
“Tokyo is a safe pair of hands and that includes financial strength. We already have a $4.5 billion Olympic hosting fund so financially there’s no problem — we’re secure. We also have city and government guarantees. There is no worry.”
Published in The Express Tribune, August 22nd, 2013.