Toyota Motor honorary Chair Fujio ChoReal said that "real estate markets will boom and Tokyo Bay will be redeveloped if the Japanese capital wins the right to host the 2020 Olympics," according to JAPAN TODAY. Cho said that "the already busy city would become even livelier if the sporting extravaganza came to town." Cho said if Tokyo's bid is successful, "It's certain that real estate markets will be quite active. Without doubt, the Tokyo Bay area will be redeveloped on a large scale." The investment boost that hosting the Games could bring "would be a welcome fillip for Japan, whose economy has struggled for much of the last two decades." It "would also dovetail well with a renewed push by the government to turn things around, with lavish public spending promised for infrastructure projects" (JAPAN TIMES, 7/25).
Nigerian President Goodluck Jonathan has awarded various forms of cash rewards and national honors to the Gold Medalist members of the 4x400m relay team at the 2000 Sydney Olympic Games, according to XINHUA. Jonathan announced a cash reward of 5M naira ($31,215) each for the athletes and 7M naira ($43,561) each for the two coaches "at the Council Chamber of the Presidential Villa," in Abuja, Nigeria. The athletes are Clement Chukwu, Jude Monye, Fidelis Gadzama, Aniefiok Udobong, Nduka Nwanze and the late Sunday Bada, "who was represented by his wife," Adesumbo. The two coaches are Innocent Egbunike and Solomon Abari (XINHUA, 7/25).
Amateur boxing officials "have accepted defeat in their bid to increase the number of women's weight categories" for the 2016 Rio de Janeiro Games. The AIBA "hoped to double the number of Gold Medals available for female boxers." The IOC made it clear additional medal events "would no longer be considered" for the Rio program (IRISH TIMES, 7/25). ... The London Olympic Park legacy chief said that the city "is on track to see its Olympic Park turned into a new neighbourhood for the city but remains 'in the foothills' of efforts to transform the economic fortunes of its surrounding boroughs." Visitors "will pour back into the park this weekend" -- much of it opened for the first time since last summer’s Games (FINANCIAL TIMES, 7/24).