• In this Nov. 16, 2015, file photo, a skyscraper reflects in a pool of water in the site of Japan's National Stadium demolished for the renovation for the 2020 Olympic games as the compound is shown to the media for the first time after the completion of the demolition work in Tokyo. The price tag of the 2020 Tokyo Olympics could exceed 3 trillion yen ($30 billion) unless drastic cost-cutting measures are taken and several key venues are relocated, an expert panel warned Thursday, Sept. 30, 2016, in the latest blow to Japanese organizers. "Naturally, anyone who hears these numbers is alarmed," panel leader Shinichi Ueyama said. (AP Photo/Koji Sasahara, File)

    A look at rising costs for the Tokyo 2020 Olympics

    TOKYO (AP) — An expert panel set up by Tokyo’s newly elected governor says the price tag of the 2020 Tokyo Olympics could exceed $30 billion unless drastic cost-cutting measures are taken. That’s more than a four-fold increase from the initial estimate at the time Tokyo was awarded the games in 2013.

  • In this Jan. 15, 2016, file photo, Japanese architect Kengo Kuma, left, speaks about his design of the 2020 Tokyo Olympics stadium, background, during a press conference in Tokyo. Japan’s government approved on Friday, Sept. 30, 2016, a plan for a nearly 150 billion yen ($1.5 billion) contract with a joint venture to build a new main stadium for the Tokyo 2020 Olympics. The stadium construction will begin in December, more than a year after an earlier plan was scrapped due to spiraling cost and an unpopular design. (AP Photo/Eugene Hoshiko, File)

    Japan OKs $1.5 billion contract for new Tokyo stadium

    TOKYO (AP) — The Japanese government approved a 150 billion yen ($1.5 billion) contract Friday to build a new main stadium for the 2020 Tokyo Olympics, a project that has been delayed by more than a year.

  • Tokyo Gov. Yuriko Koike looks over a report during an expert panel at the Tokyo Metropolitan government office in Tokyo Thursday, Sept. 29, 2016. The panel, launched by Koike raised concerns about ever-growing unofficial cost estimates and burden on the city and its taxpayers, warned that total cost for the Tokyo 2020 Olympic could exceed 3 trillion yen ($30 billion) unless they take drastic cost-cutting measures. (AP Photo/Shizuo Kambayashi)

    Expert panel warns Tokyo Olympics cost could top $30 billion

    TOKYO (AP) — The price tag of the 2020 Tokyo Olympics could exceed 3 trillion yen ($30 billion) unless drastic cost-cutting measures are taken and several key venues are relocated, an expert panel warned Thursday in the latest blow to Japanese organizers.

  • Expert panel warns cost of Tokyo 2020 Olympics could top $30 billion; calls for cost cutting

    TOKYO (AP) — Expert panel warns cost of Tokyo 2020 Olympics could top $30 billion; calls for cost cutting.