Sapporo To Re-Examine Olympic Costs

Sapporo’s Mayor Katsuhiro Akimoto announced his plan to re-evaluate the impact of rising prices on the cost of hosting the Olympic Games in 2030.

Sapporo is bidding on the 2030 Games during a time of inflation, especially in regards to construction materials, and Mayor Akimoto announced his intention to again review the finances during a regular press conference on 24 May.

A revision of projected expenses already took place last November when the cost of hosting was increased by 17 billion yen from a previous estimate, to a total of 317 billion yen.

Since then, the cost of construction materials has continued to rise.

Mayor Akimoto, in making the announcement, also said the re-examination will be matched by a continuation of the efforts to prevent the bid-rigging and corruption that occurred around the 2020 Tokyo Olympics.

The International Olympic Committee may announce the host city for the 2030 Games as soon as December of this year.

Source
Hokkaido Shimbun – 24 May 2023

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