Japan cuts cost for Olympic stadium from $2.1bn to $1.3bn



Linkedin Twitter

Japan Olympic stadium

Japan has slashed the construction costs for the new national stadium, the centrepiece of the Tokyo 2020 Olympics by a third from the previous estimate of $2.1 billion (¥ 252 billion). The government has set a cap on the stadium at $1.3 billion (¥ 155 billion). Roughly a fourth of this amount will be contributed by Tokyo city hall if agreement is reached.

While soaring cost was the main reason for dropping the 2012 Zaha Hadid design (and indeed key guidelines of the entire competition by Japan Sport Council), the new one’s budget is still subject to negotiations.

Keeping the budget from growing required some crucial changes in future usability. The stadium will not have a retractable roof or mobile stands that would accommodate football and athletics equally well. Both these features are very expensive and were scrapped.

Currently two large consortia are fighting for the design + build contract. Taisei Corporation teamed up with architect Kengo Kuma, while famous Toyo Ito is designing his concept together with Takenaka, Shimizu and Obayashi corporations. Groundbreaking on the long-delayed project is expected in early 2017 and delivery in late 2019 or early 2020.

Watch 150 member-exclusive videos with valuable tips for your venue



« Previous News:
» Next News:



More News

ASM Global continue to work on venue safety

ASM Global-Clorox clean-safe venues’ mission

Published: May 20th, 2022

ASM Global, the world’s leading producer of live entertainment, and The Clorox Company, a global... » Read more

Plymouth Argyle new LED screen

Home Park to boast ‘six-figure sum’ screen

Published: May 20th, 2022

The League One team Plymouth Argyle F.C. (UK) is spending “a sizable six-figure sum” on a 45... » Read more

Los Angeles Angels stadium sell on hold

Mayor graft cloud on Angel Stadium sale

Published: May 20th, 2022

An Orange County Superior Court judge put the $320-million sale of Angel Stadium in Anaheim,... » Read more

New host countries confirmed for Southeast Asian Games

SEA Games hosts announced in Hanoi meeting

Published: May 20th, 2022

Thailand, Malaysia and Singapore have been named as the hosts of the respective 2025, 2027 and 2029... » Read more


Receive global sports venue NEWS twice a week in your inbox