The Tokyo Olympics are already the most expensive Summer Games on record with costs set to go higher, a wide-ranging study from Britain’s University of Oxford indicates.
The Tokyo cost overrun already exceeds 200%, lead author Bent Flyvbjerg explained in an interview with The Associated Press. This is even before several billion more dollars are added on from the one-year delay from the COVID-19 pandemic.
Flyvbjerg is an economist at Oxford’s Said Business School. His entire study is available here, and it’s set to be published on Sept. 15 in the journal “Environment and Planning A: Economy and Space.” It’s titled “Regression to the Tail: Why the Olympics Blow Up.”
Tokyo, postponed until July 23, 2021, is only a small part of the focus. The study — the third in a series following editions 2012 and 2016 — looks at Olympic costs since 1960 and finds they keep increasing despite claims by the International Olympic Committee that costs are being cut.Read Click On Detroit
- We Tried to Become Olympic Divers in 1 Hour
- Tokyo Olympics CEO suggests relaxed entry rules for athletes
- Tokyo Olympics’ Biggest Coronavirus Challenge Could Be Team USA
- Flynny’s Northern Arena and Banana Boat New Zealand Ocean Swim Series Challenge
- How to Swim Butterfly with Perfect Technique | MySwimPro
- Swimming with the Y NSW | You are never too old to start
- Yannick Agnel: Danas Rapsys Is the Only Man Who Knows How to Swim the 200 Free Right Now
- Swimming Phenom Vera Rivard