• Tokyo eyeing drastic overhaul as costs surge

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    TOKYO: Tokyo could be forced to downsize or relocate three venues for the 2020 Olympic Games in drastic cost-slashing measures, the city’s new governor said Thursday. A group of academics and business leaders submitted a proposal to governor Yuriko Koike which included plans to overhaul the swimming, volleyball and kayak facilities, currently estimated at some $1.5 billion. It comes after a series of embarrassing problems for Tokyo organisers, including the scrapping of plans for the Olympic stadium and a French probe into alleged corruption. Koike swept into office in July, immediately ordering officials to rein in ballooning Olympics costs, which one expert predicted could surpass 3 trillion yen ($29.5 billion).

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