• 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.

    Updated: 7:04 am