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Tokyo 2020 Olympic cost estimate released

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TOKYO (AP) — Organizers of the Tokyo Olympics estimate the total cost of hosting the 2020 Games will be between 1.6 and 1.8 trillion yen ($13-$15 billion).

The official cost estimate announced Wednesday was below the promised 2 trillion ($17 billion) cap, while organizers said they will try to come down further.

“This is Version 1,” said Toshiro Muto, chief executive officer of the organizing committee. “We will continue our cost-cutting effort toward our Version 2.”

Details of cost-sharing among the three parties — the organizing committee, Tokyo and central governments — can be now worked out, Muto said.

The cost estimate includes 590 billion yen ($5.5 billion) to build permanent and temporary venues and other facilities, and 410 billion yen ($3.8 billion) for “soft” costs such as transportation, security and other operational expenses. It takes into account 500 billion yen ($4.7 billion) of revenue from sponsorship, ticket sales, licensing and IOC contributions.

It also calls for a backup budget of 100-300 billion yen ($1-$2.8 billion) to cover “contingency” costs such as possible anti-heat measures that may be needed to cope with Tokyo’s hot weather, officials said.

International Olympic Committee vice president John Coates had criticized the $17 billion cap as too high. Coates, via a videoconference link from Australia, joined chief organizer Yoshiro Mori, Tokyo Gov. Yuriko Koike and Olympic Minister Tamayo Marukawa for Wednesday’s announcement.

Coates praised their effort and said he was “very, very pleased” with the outcome, which is a substantial reduction from an earlier prediction. He noted the taxpayer money would be from 1.1 to 1.3 trillion yen ($10.3-$12.1 billion) and that the total cost also includes “considerable legacy.”

While Coates would not give a numerical target, he said more details are needed in areas such as transport, security and games operations for further cost reduction.

“We need to do more work there. But the feeling we have is that there are savings to be found there,” he said.

Tokyo’s Olympic costs have soared amid Japan’s reconstruction from the earthquake and tsunami in 2011, the year the city launched its bid for the Games. Tokyo secured the Games in 2013. The trend in the construction industry is expected to continue until the Games, officials said.

A Tokyo government panel has warned the eventual total cost could exceed $30 billion — four times the initial estimate — without drastic cuts. The outspoken governor, Koike, has spearheaded a cost-cutting effort, proposing a review of three costly venues.

The IOC is facing pressure to reduce costs to help entice cities to bid for future Games. The $51 billion price tag associated with the 2014 Winter Games in Sochi, Russia, led numerous cities to drop out of bidding for the 2022 and 2024 Olympics. The IOC is encouraging cities to make maximum use of existing and temporary facilities.

Koike has agreed to keep all three venues — for rowing and canoe sprint, swimming and volleyball — at their planned sites in Tokyo, rather than moving them outside the capital. Yet, she said the review led to a 40 billion yen ($340 million) savings and that she is seeing further reductions in line with IOC policy.

“I hope this will be a wisely-spent, sustainable event,” she said.

MORE: IOC ‘pushing’ for MLB players at Tokyo 2020

 

Yulia Efimova wags finger as Lilly King rivalry heats up (video)

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The Lilly KingYulia Efimova rivalry is back on, but this time the Russian is wagging her finger.

Efimova missed the 100m breaststroke world record by .01 in the semifinals at the world swimming championships in Budapest on Monday.

Efimova celebrated her time by finger wagging, an homage to King’s famous move in the ready room at the Rio Olympics.  She and King will go head to head in the final as the top two seeds on Tuesday after King won her later semifinal in a personal-best time .17 slower than Efimova.

“I’m always looking at the results from the heat before,” King told media in Budapest, adding that she wasn’t shaved for Monday’s semifinals. “I saw a little finger wag. I saw it. It’s just motivating me more, so that’s OK.”

King, who criticized Efimova’s presence in Rio after serving a doping ban, beat the Russian in the Olympic 100m breaststroke final last year.

Efimova served a 16-month ban for testing positive for the banned steroid DHEA in 2013. She again tested positive in February 2016 for meldonium, though she said she stopped taking it before it became a banned substance Jan. 1 and was absolved along with other athletes.

“You’ve been caught for drug cheating, I’m just not a fan,” King memorably said in Rio, adding last fall, “[Doping] was on all of our minds. We had team meetings talking about what it was going to be like. We were going to be racing dopers, and we all knew it.”

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Katinka Hosszu wins 200m IM as swimmer leaves pool mid-race (video)

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Hungarian Katinka Hosszu delivered the gold-medal performance a raucous Budapest crowd hoped for at the world swimming championships.

Canadian Sydney Pickrem, a medal favorite, appeared to get out of the pool after 50 meters. Swimming Canada later said she “took on water” approaching the first wall.

“Unfortunately it inhibited her to the point where she wasn’t able to continue in the race,” a press release said.

Hosszu won her third straight world title in the 200m individual medley, clocking 2:07.00 at the Danube Arena. The Olympic champion and world-record holder was followed by Japan’s Yui Ohashi (2:07.91) and American Madisyn Cox (2:09.71).

Hosszu was the overwhelming favorite, given she held the three fastest times in the world this year going into Monday’s final. She became the first woman to win 10 individual world championships medals, a mark that Sarah SjostromKatie Ledecky and Yulia Efimova can surpass later in the meet. Retired Australian Leisel Jones won nine, all in breaststroke.

Hosszu scratched her other event Monday night, the 100m backstroke, one of three events she won at the Rio Olympics. Hosszu could earn medals in the 200m backstroke and 400m individual medley later this week.

Pickrem ranked No. 3 in the world this year and had the third-fastest time in the semifinals behind Hosszu and American Melanie Margalis, who finished fourth.

“Just another stepping stone,” said Cox, who finished her University of Texas career this year and made her major international debut in Budapest. “Of course, I want to be better. That time will come.”

Women’s 200m Individual Medley Results
Gold: Katinka Hosszu (HUN) — 2:07.00
Silver: Yui Ohashi (JPN) — 2:07.91
Bronze: Madisyn Cox (USA) — 2:09.71
4. Melanie Margalis (USA) — 2:09.82
5. Runa Imai (JPN) — 2:09.99
6. Kim Seoyeong (KOR) — 2:10.40
7. Siobhan-Marie O’Connor (GBR) — 2:10.41
DQ. Sydney Pickrem (CAN)

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