RIO DE JANEIRO - BRAZIL - 20th Aug 2016. IOC President Thomas Bach during a meeting with the new Tokyo Governor Yuriko Koike at the Olympic Club in Rio De Janeiro.
Courtesy IOC/Ian Jones RIO DE JANEIRO - BRAZIL - 20th Aug 2016. IOC President Thomas Bach during a meeting with the new Tokyo Governor Yuriko Koike at the Olympic Club in Rio De Janeiro.

Tokyo's new governor Yuriko Koike has commissioned a task force to cut costs throughout the city—including the seemingly ever-growing budget for the 2020 Olympic Games. Last week, the task force warned that the cost estimate for the project threatens to skyrocket from its original ¥734 billion ($7 billion) to ¥3 trillion (about $28 billion).

No stranger to controversy (a national stadium designed by the late Zaha Hadid was scrapped due to high cost), the Olympics committee in Japan said they were embarrassed by the task force's conclusions that the event organizers "had no realistic vision for either ongoing use of some venues, nor sustainable running costs," and defended their decisions.

"We have come to our arrangements as a result of long negotiations with the [International Olympic Committee (IOC)]," said Hiroshi Sato, vice director general of the organizing committee, according to Japan Times. "This report has come out very suddenly and we were surprised and embarrassed to hear such comments, and some IOC members said so, too."

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