Olympics: IOC preparing $800 million for postponement costs
Kyodo -- May 15
International Olympic Committee President Thomas Bach on Thursday said his body is preparing to spend up to $800 million for extra costs necessitated by the one-year postponement of the Tokyo 2020 Olympics.

Speaking via teleconference following an online meeting of the IOC's executive board, the first since the opening date for the Tokyo Games was rescheduled for Sept. 23, 2021, Bach said the uncertainty of the new coronavirus pandemic and how it was affecting the Tokyo Olympics in terms of costs but also how it may impact Olympics in the future once the current crisis passes.

"Nobody knows what the world looks like tomorrow," Bach said. "You can't put a number on something you don't know is going to happen."

News source: Kyodo
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