When Tokyo was awarded the 2020 Olympic Games in 2013, their financial team projected a total cost of around $7.3bn. This figure escalated to $15.4bn according to a study published by Oxford Economists. Following the postponement, it was estimated that the costs could be in excess of $20bn. Historically, Olympic Games often end up being costly investments for host cities – with actual costs sometimes rising up to 200% more than original estimates.
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