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IOC touring three potential 2020 host cities

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Fourteen IOC officials are starting their three city tour this week, which will take them from Tokyo to Madrid to Istanbul as they evaluate each city vying to host the 2020 Summer Olympic Games.

The evaluation committee, headed by IOC Vice President Craig Reedie of Britain, will assess each potential host, meet with city and Olympic officials, and inspect possible issues with finances, accommodations, transportation, and security before they create reports they’ll submit to all the IOC members before a vote on September 7.

“The interesting thing about this one is that all three have been candidates before on a number of occasions,” Reedie explained to the AP on Thursday. Istanbul is back for its fifth bid, Madrid is on its third bid in a row, and Tokyo, which hosted in 1964, is bidding for a second consecutive time.

Given the current world economic climate, finances are likely to play a big role in determining which country is best suited to host the Games. Istanbul brings a $19.2 billion budget towards necessary infrastructure, but has a lot to build. While Tokyo has only $4.9 billion budgeted, and Madrid, which is in a deep recession and has a 25 percent unemployment rate, has just $1.9 billion set aside.

Reedie added that the visit by the evaluation committee is often the most important part of the bidding process, and was paramount in the IOC’s decision to award London its third Olympics in 2012.

“It was a seminal moment in terms of encouraging a slightly skeptical British media that this was serious and this was good. If we can do that in Tokyo, Madrid and Istanbul, we serve the Olympic movement and the ambitions of these cities.”

 

WATCH: Top basketball moments of the Rio Olympics

RIO DE JANEIRO, BRAZIL - AUGUST 20:  (L-R) Gold medalists Diana Taurasi #12 and Sue Bird #6 of United States celebrate during the medal ceremony after the Women's Basketball competition on Day 15 of the Rio 2016 Olympic Games at Carioca Arena 1 on August 20, 2016 in Rio de Janeiro, Brazil.  (Photo by Tom Pennington/Getty Images)
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As expected the U.S. took gold in both men’s and women’s basketball, with the men winning their third consecutive Olympic gold medal and the women running their streak to six straight. But there was a lot more to take in at the basketball venues, including Serbia’s men’s team winning their first Olympic basketball medal (as an independent nation), and Spain doing the same in the women’s bracket.

To watch the top basketball moments of the Rio Olympics, click here.

WATCH: Top track and field moments of the Rio Olympics

RIO DE JANEIRO, BRAZIL - AUGUST 14:  Usain Bolt of Jamaica celebrates winning the Men's 100 meter final on Day 9 of the Rio 2016 Olympic Games at the Olympic Stadium on August 14, 2016 in Rio de Janeiro, Brazil.  (Photo by Cameron Spencer/Getty Images)
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From Sam Kendrick’s patriotic moment to Usain Bolt’s “triple-triple,” check out the best moments from the 2016 Rio Olympics track and field competition.

You can watch all of these moments here.