Tokyo 2020 Gymnastics Venue To Cost Approximately $190M

Organizers of the 2020 Tokyo Olympics and Paralympics said Tuesday that major contractor Shimizu Corp. won a contract worth about 20.5B yen ($190M) to construct the gymnastics venue for the Games, according to KYODO. The cost to build the temporary venue with a capacity to hold 12,000 spectators in Tokyo's Koto Ward "has more than doubled" from the 8.9B yen ($80M) indicated in the Japanese capital's bid to host the 2020 Games. The Tokyo Olympic and Paralympic organizing committee and the Tokyo metropolitan government, "which will share the expenditure, are set to discuss the burden ratio." The planned venue for gymnastics "is not among the three sites under scrutiny in relation to cost-cutting measures" for the 2020 Summer Games. The organizers attributed the expansion in the cost for building the gymnastics venue "to factors such as increases in prices related to construction work" (KYODO, 11/15).